Europe opens higher with focus on data

Friday, 16. July 2021 09:02

European markets opened in the green territory on Friday in anticipation of Eurozone inflation and trade data. German Chancellor Angela Merkel said yesterday that the EU and China should abide by the same rules when it comes to bilateral trade relations. Meanwhile, Italia Trasporto Aereo (ITA), the country's new flag carrier set to replace Alitalia, will begin flying in mid-October, according to an agreement between the Italian government and the European Commission.

The DAX was up 0.32% at 9:00 am CET as Adidas rose by 0.84% and lead the gains at 9:02 am CET. London's FTSE 100 was 0.39% higher at 9:00 am CET with Intercontinental Hotels, its best performer, increasing 2.33% at 9:03 am CET. The CAC 40 advanced 0.45% at 9:00 am as Unibail-Rodamco-Westfield jumped 3.25% at 9:04 am CET.

The euro was flat in comparison to the dollar at 8:59 am CET, selling for 1.18098. The British pound lost 0.12% against the greenback, changing hands for 1.38129 at the same time.

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