Europe opens higher with inflation in focus

Wednesday, 11. May 2022 09:03

Stock indexes in Europe opened higher on Wednesday after Germany's final inflation report for April confirmed inflation stood at 7.4%. Inflation data for the United States will follow later in the day. Meanwhile, ECB Governing Council Member Madis Muller criticized the bank for "inappropriately easy" monetary policy in current conditions.

The FTSE 100 added 0.06% at the market open, as Glencore PLC increased by 2.24%. The CAC 40 was up by 0.18%, with Alstom SA jumping 7.38%. The DAX grew by 0.36%, led by Delivery Hero SE, which improved by 3.17%.

The euro traded 0.15% higher compared to the dollar, selling for 1.05453 at 9:01 am CET, while the pound traded 0.16% higher against the dollar and went for 1.23352 at the same time.

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Author:
Baha Breaking News (BBN) / DJ