Europe mostly up at open as investors digest data

Thursday, 22. December 2022 09:02

European stock exchanges opened mostly higher on Thursday as traders assessed Britain's gross domestic product (GDP) data with the figure coming in cooler-than-forecasted in the third quarter of the fiscal year.

The optimism on consumer sentiment appears to have driven the higher trend in stocks. German consumer confidence is projected to recover at the start of 2023, while preliminary data on the euro area's spending mood helped traders shake off inflation concerns.

London's FTSE 100 was up by 0.16%, as Prudential plc grew 0.96%. Frankfurt's DAX was flat at the opening bell, but moved above the flatline with Siemens Energy AG rising 1.21%. The CAC 40 gained 0.08%, with Carrefour climbing 1.13%.

The euro traded 0.27% higher against the greenback, to sell at $1.06410 at 8:58 am CET. The pound sterling pushed stronger against the American currency, going up by 0.35% to sell at $1.21285.

Related Links: 
Baha Breaking News (BBN) / AB