Europe opens higher after German encouraging data

Monday, 06. July 2020 09:02

European markets kicked off the trading session on Monday after it was reported that German factory orders rose by 10.4% in May. Investors are also waiting that Chartered Institute of Purchasing & Supply and Markit Economics release the United Kingdom PMI construction data and Sentix to report on investor confidence in Europe.

The DAX gained 1.91% in the first minute of trading as Continental AG led the gains growing by 4.63%. The FTSE 100 was up 1.79% at the start of trading in London. Barratt Developments plc was the best performer. The CAC 40 opened 2.09% higher with Peugeot jumping by 4.09%.

The euro grew by 0.39% against the dollar, with the exchange rate of 1.12944 at 9:06 am CET. At the same time, the pound sterling inclined by 0.14% compared to the greenback to sell for $1.25026.

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