Major European stock markets traded higher in the premarket session on Thursday while key companies in the area are releasing their financial statements. Earlier, SAP SE announced its revenue in the fourth quarter of 2022 advanced by 6%, while for 2022 went up by 11% to €30.9 billion. During the day, other European firms, such as Louis Vuitton and Volvo, will present their results.

The DAX gained 0.62% at 8:00 am CET, as the CAC 40 added 0.73%, and the FTSE 100 rose 0.16%. The Euro Stoxx 50 went up 0.95% a minute later.

The euro improved by 0.10% against the dollar at 7:56 am CET, selling for $1.09251, and the pound grew by 0.06% to go for $1.24048 a minute later.