European markets open higher with inflation in focus

Tuesday, 11. January 2022 09:03

Major stock markets in Europe opened Tuesday's session with gains as concerns related to the surging inflation continued to loom across the bloc. However, ECB's Chief Economist Philip Lane asserted the Eurozone inflation rate could go back to 2% as soon as next year, prompting somewhat positive sentiment.

Meanwhile in the United Kingdom, the government confirmed it is looking at a possibility of reducing the COVID-19 isolation period from seven to five days to mitigate issues related to staff shortage.

The DAX soared 0.95% or 150 points at the opening bell, with Delivery Hero jumping 7.13%. The FTSE 100 gained 0.54%, while the CAC 40 expanded by 0.99%. Both the euro and the pound registered slight gains against the dollar at 8:57 am CET to sell for 1.13374 and 1.35937, respectively.

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Author:
Baha Breaking News (BBN) / ND