Europe opens higher with US stimulus in focus

Wednesday, 21. October 2020 09:01

European markets opened higher on Wednesday on hopes the United States Democrats and Republicans will reach a deal on the fourth coronavirus stimulus package. White House Chief of Staff Mark Meadows claimed that the two sides made "good progress" but are still "several hundred billion dollars apart." Investors also digested earnings from Nestle, as well as consumer and producer inflation data from the United Kingdom.

The FTSE 100 advanced by 0.06% at the opening as Evraz PLC grew 2.85%. The DAX rose by 0.34% with Linde PLC earning 0.92%. The CAC 40 increased by 0.27% as Thales attained 2.49%.

The euro gained 0.27% against the dollar to exchange hands for $1.18544 at 9:03 am CET. At the same time, the pound sterling went up by 0.33% to sell for $1.29911.

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Breaking the News / NP / JR