Europe opens mostly higher amid economic data

Friday, 21. May 2021 09:03

European stock markets opened mostly higher on Friday, as investors started to digest the day's economic news. Before the opening, the United Kingdom reported its retail sales volumes beat market expectations surging more than 40% in April, as GfK unveiled consumer confidence was back to pre-pandemic levels. Meanwhile, reports on the manufacturing and services sectors in the European Union, Germany, and the UK are to be released after trading starts.

The DAX traded 0.29% in the green at the opening bell, with BMW leading the index increasing 1.74%. The FTSE 100 opened flat, while Melrose Industries plc increased 1.36%. The CAC 40 was up by 0.30%, as Saint Gobain rose by 1.32%.

The euro stood flat against the dollar at 9:05 am CET trading for $1.22328, while the pound dipped 0.07% against the American currency trading for $1.41804 a minute later.

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