Europe opens mostly higher following consumer data

Friday, 25. June 2021 09:03

Major stock markets in Europe opened mostly higher on Friday, as investors looked to the latest round of consumer confidence reports to gauge the state of the economy. In Germany, it was reported that consumer confidence for July is set to improve when compared to the previous month, while in the United Kingdom consumer confidence remained unchanged in June. Meanwhile, in politics, efforts to bolster relations between the European Union and Russia have stalled, as the bloc mulls new sanctions on the country.

The DAX opened flat. The FTSE 100 was 0.25% up, as Crh plc rose 2.28%. The CAC 40 traded 0.09% in the green, led by ArcelorMittal SA gaining 2.04%.

The euro traded 0.12% higher against the dollar selling for $1.19462 at 9:04 am CET, while the pound dropped 0.06% against the American currency trading hands for $1.39154.

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