Europe opens higher amid data, Brexit updates

Wednesday, 16. December 2020 09:01

Major European stock markets opened in the green on Wednesday, as the Brexit negotiations continued to near trade deal finalization. On the economic front, data from the United Kingdom showed a decline in both consumer and factory-gate inflation in November, while more data will be released from major European countries during the day.

The DAX traded 0.43% higher at the opening bell, as Continental AG moved up by 4.15% at 9:05 am CET. At the beginning of the trading session, the FTSE 100 rose by 0.31%, as International Consolidated Airlines climbed 1.92% at 9:02 am CET. The CAC 40 gained 0.38% at the trading session's start, as Arcelormittal SA grew 2.01% one minute later.

The euro stood flat against the dollar, selling for 1.21540 at 9:00 am CET. Concurrently, the pound sterling advanced by 0.27% compared to the US currency to change hands for 1.34866.

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