Europe opens mostly higher following US inflation data

Thursday, 11. August 2022 09:03

Major European stock markets opened mostly higher on Thursday following the release of new corporate earnings and cooler-than-expected US inflation data.

Yesterday the Labor Statistics Bureau revealed the annual inflation in the United States decreased to 8.5% in July. In other news, Daimler Truck, Siemens AG, ThyssenKrupp AG, and RWE AG were some of the companies that posted their corporate earnings before the bell.

The DAX gained 0.42% at 9:01 am CET, with Zalando SE up by 6.21%. The CAC 40 added 0.57%, while Worldline SA improved by 1.54%, and the FTSE 100 declined 0.13%, as Rio Tinto PLC dropped by 4.13% a minute later.

The euro was up by 0.12% against the dollar at 8:59 am CET, selling for $1.03123, and the pound was edging up by 0.08% to go for $1.22248 at the same time.

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Author:
Baha Breaking News (BBN) / JG