Europe opens higher after retail, output data

Friday, 20. May 2022 09:01

Major European stock market indexes opened higher on Friday following the release of important economic data on retail sales and producer prices. Market participants continue to closely monitor the implications of the military operation in Ukraine and its influence on the economy and markets.

Earlier, German's national statistical office Destatis announced that producer prices increased by 33.5% in April. At the same time, retail sales in the United Kindom increased by 1.4% compared with the previous month.

The DAX gained 0.67% at 9:01 am CET, with Zalando up by 2.09%. The CAC 40 added 0.54%, while Worldline SA improved by 1.65%. The FTSE 100 rose 0.87%, as Prudential went up by 3.20%. The euro was down by 0.07% against the dollar at 8:58 am CET, selling for $1.05803. In comparison, the pound was flat to go for $1.24746 at the same time.

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