Europe turns to green, DAX up over 100 points

Friday, 23. October 2020 10:26

Major European stock markets recovered their opening losses on Friday on the wings of the latest economic data reports. Despite the Eurozone Composite PMI dropping to a four-month low, data showed the manufacturing sector continued expanding, with the German industry providing the biggest contribution.

The FTSE 100 was up 1.15% at 10:36 am CET, while the DAX jumped 0.76%. The CAC 40 advanced 1.23% at the same time.

The euro gained 0.22% against the dollar at 10:37 am CET to sell for $1.18442, while the pound rose 0.13% to go for $1.30999.

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Breaking the News / MD