Europe opens mostly higher amid inflation data

Tuesday, 30. August 2022 09:02

Major European stock indexes opened the session mostly higher on Tuesday with the release of key inflation data in Germany and Spain in focus, along with the report on the euro area's consumer confidence. In addition, investors will receive data on mortgage approvals from the United Kingdom, a leading indicator of the country's housing market.

Frankfurt's DAX opened 0.39% higher with Porsche Automobil Holding SE jumping by 2.18%. The CAC 40 increased by 0.49%, as Stellantis NV gained 0.93%. Meanwhile, London's FTSE 100 lost 0.22%, with Endeavour Mining plummeting 2.92%.

The euro was flat against the greenback, to change hands to $0.99932 at 9:03 am CET. At the same time, the pound sterling traded 0.08% higher against the American dollar, selling at $1.17168.

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