Europe opens higher after German data

Thursday, 08. April 2021 09:01

Equities on major European stock markets were higher at the start of trading sessions on Thursday after Germany's Federal Statistical Office Destatis reported that new factory orders in the country increased by 1.2% and 5.6%, on a monthly and on a yearly basis, respectively, in February. In addition, French Economy and Finance Minister Bruno Le Maire predicted yesterday that his country's economy will recover strongly in 2021.

The DAX rose by 0.41% at 9:00 am CET as Volkswagen led the gains, ticking 1.68% higher at 9:01 am CET. London's FTSE 100 was 0.10% up at 9:00 am CET as Johnson Matthey grew 5.11% at 9:06 am CET. The CAC 40 advanced 0.37% at 9:01 am CET with ArcelorMittal gaining 1.31% at the same time.

The euro was 0.12% higher compared to the dollar at 8:59 am CET, trading for 1.18803. The British pound increased by 0.24% against the American currency, going for 1.37706 concurrently.

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Breaking the News / MS