Europe opens higher with all eyes on German CPI

Tuesday, 29. November 2022 09:01

European stock exchanges opened higher on Tuesday with the release of consumer price index (CPI) data in Germany taking center stage of the trading session today, while earlier reports indicated that consumer mood in the country had stabilized. Meanwhile, the Deutsche Bundesbank previously warned that one of the bloc's strongest economies was on the verge of recession.

Investors will also monitor the report on the euro area's consumer confidence and Britain's mortgage approvals, both due for publication in the coming hours. Earlier, British low-cost carrier easyJet unveiled its fourth-quarter earnings.

Frankfurt's DAX climbed 0.14%, with Zalando SE jumping 3.74%. The CAC 40 rose 0.33%, as Kering SE advanced 1.85%. London's FTSE 100 was up by 0.10%, with Prudential plc soaring by 4.16%.

The euro gained 0.45% versus the dollar, to go for $1.03824 at 8:55 am CET. At the same time, the pound sterling advanced by 0.73% against the American currency, to sell at $1.20374.

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