Europe opens higher as vaccine output expands

Monday, 08. March 2021 09:03

Major European stock markets opened with gains on Monday as positive sentiment was pushed by the news that the European Union plans to double the monthly COVID-19 vaccine production by the end of the month.

On the data front, industrial production in Germany declined under the market estimates by dropping monthly 2.5% in January and 3.9% year-on-year. Meanwhile over the weekend, the United States Senate approved the long-awaited $1.9 trillion relief package.

The DAX rose 0.73% at the opening bell, with BMW going up 1.52%. The FTSE 100 climbed 0.71%, as HSBC Holdings traded 1.76% higher. The CAC 40 advanced 0.68%. Total SE was the top performer, increasing by 1.68%. The euro lost 0.21% against the dollar to go for 1.18906 at 9:06 am CET, while the pound stood flat at $1.38444.

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