Europe higher amid economic data, Ukraine

Friday, 25. February 2022 09:03

Major stock markets in Europe opened higher on Friday's session amid concerns about the Ukraine crisis and digesting the last data released.

In the last hours, Ukrainian Foreign Affairs Minister Dmytro Kuleba informed about a "horrific" rocket strike on Kyiv. Also, the Ukrainian president said that the country's military managed to stop Russia's advances. Meanwhile, Germany said that the country's GDP declined 0.3% in the fourth quarter of 2021, and the French Consumer Price Index (CPI) rose 3.6% in February.

The DAX gained 1.30% at 9:01 am CET, with Porsche up by 4.70%. The CAC 40 added 0.78%, while Compagnie de Saint-Gobain SA improved by 5.36%. The FTSE 100 rose by 0.80%, as Polymetal International PLC ORD NPV added 8.68%.

The euro improved by 0.12% against the dollar at 8:58 am CET, selling for $1.12131. In comparison, the pound grew by 0.21% to go for $1.34186 at the same time.

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