Europe opens higher with data in focus

Thursday, 06. October 2022 09:02

European markets opened in the green on Thursday, rebounding from the previous day's sharp losses, as investors focused on economic data. Before the bell, a report from Destatis showed Germany's factory orders fell 2.4% in August, while Eurozone retail sales and United Kingdom construction PMI figures are scheduled for release later in the day.

The FTSE 100 increased 0.19% at 9:00 am CET. Imperial Brands, whose stock jumped 3.22%, led the gains.

The DAX climbed 0.62% at 9:02 am CET. The best performer was Zalando, up 2.91%.

The CAC 40 rose 0.24% at 9:01 am CET with Alstom adding 2.16%.

The euro was up 0.16% compared to the dollar, going for 0.98973 at 9:01 am CET and the pound traded flat against the greenback, selling for 1.13260 at the same time.

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Author:
Baha Breaking News (BBN) / NP