Europe opens higher after PBoC cuts rates

Monday, 15. August 2022 09:03

Major European stock market indexes traded higher at the open on Monday after the world's second-largest economy, China, revealed that its central bank has unexpectedly decided to lower its interest rates.

Meanwhile, the crisis over the Zaporizhzhia nuclear power plant continues to rattle the European continent, with both Kiev and Moscow blaming one another for escalating the situation.

The DAX gained 0.37% at the opening bell, as HelloFresh surged 5.50% at 9:04 am CET. The CAC 40 added 0.44% at 9:01 am CET, as STMicroelectronics advanced 1.14% at 9:03 am CET. The FTSE 100 grew 0.34% at the open, with Rs Group flying 4.14% at 9:02 am CET.

The euro traded 0.22% lower against the dollar at 8:59 am CET, selling for 1.02360. The pound was 0.25% down versus the greenback, going for 1.21060 at the same time.

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