Europe opens mostly higher amid corporate earnings

Wednesday, 27. July 2022 09:05

European stock exchanges opened Wednesday's trading session mostly higher, as investors received corporate earnings from the region's largest banks and companies. Meanwhile, consumer confidence in Germany is expected to worsen in August.

Earlier, Deutsche Bank AG revealed that its profit for the second quarter of the fiscal year rose by 33%, while Credit Suisse Group AG's revenue plummeted by 29% per annum. In addition, UniCredit, Lloyds Banking Group Plc, and Rio Tinto Group published their earnings reports.

The DAX increased by 0.47% at the opening bell with HeidelbergCement gaining 2.01%. However, the CAC 40 dropped by 0.10%, as Eurofins Scientific SE plunged by 6.07%. London's FTSE 100 rose by 0.48%, with Reckitt Benckiser Group Plc surging by 5.46%.

The euro was 0.26% higher against the greenback, selling for $1.01425 at 9:03 am CET. The pound sterling gained 0.15% against the dollar, to change hands for $1.20496 at the same time.

Related Links: 
Author:
Baha Breaking News (BBN) / AB