Europe opens higher amid EU, UK data releases

Wednesday, 01. July 2020 09:00

Major European markets opened higher on Tuesday as investors focused on economic data. House prices in the United Kingdom saw the first annual fall since 2012, while Germany's retail sales surged 13.9% in May, exceeding expectations. The traders also awaited the European Central Bank's Fabio Panetta's speech and the manufacturing reports for the Eurozone, Germany, and Britain that are to be published during the day.

The DAX increased by 0.16% at the opening as Bayer AG went up by 3,36%. The FTSE 100 rose by 0.12% with Smith & Nephew PLC garnering 3.19%. The CAC 40 gained 0.11% as Atos grew 0,92%.

The euro stood flat against the dollar, with the exchange rate of 1.12320 at 8:58 am CET. At the same time, the pound sterling declined by 0.13% compared to the greenback to sell for $1.23842.

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