Europe opens higher after selloff

Tuesday, 20. July 2021 09:01

Major European stock markets opened in the green on Tuesday following Monday's big selloff caused by worries over the latest rise in COVID-19 cases. Elsewhere, market watchers focused on corporate earnings as UBS and easyJet posted their results before the bell.

The FTSE 100 added 0.45% at 9:00 am CET with Intercontinental Hotels Group, up 2.27%, leading the gains.

The DAX jumped 0.71% at 9:03 am CET. The best performer was Deutsche Bank, whose shares gained 1.70% at 9:04 am CET.

The CAC 40 rose 0.48% at 9:00 am CET as Alston climbed 2.53%.

The euro lost 0.18% against the dollar to go for 1.17785 and the pound fell 0.30% compared to the US currency to sell for 1.36335 at 8:59 am CET.

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