Europe opens higher following retail data

Friday, 22. October 2021 09:05

Major stock markets in Europe opened higher on Friday, despite the Office for National Statistics (ONS) of the United Kingdom announcing a monthly decline of 0.2% in the number of goods bought in retail sales in the country. Additionally, UK consumer confidence hit an eight-month low in October, according to a GfK survey. Traders are also awaiting the Markit Economics' PMI data for the European Union, Germany and the UK, all to be released later in the day.

The DAX traded 0.26% higher at the opening, as Porsche lead the gains with a 1.58% increase. The FTSE 100 rose by 0.15%, as Jd Sports Fashion traded 1.87% higher. The CAC 40 increased by 0.59%, with Carrefour gaining 1.70%. The euro rose 0.09% compared to the greenback at 8:52 am CET, selling for $1.16350. At the same time, the pound sterling stood flat against the dollar to go for $1.37921.

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