Europe opens with modest gains after record-setting session

Wednesday, 07. April 2021 09:01

Shares on the major stock market indexes in Europe opened mostly higher on Wednesday after the German DAX hit a record high and the French CAC 40 reached the level it last stood at 14 years ago the day prior. The investors will monitor the data regarding the services industry activity in the euro area, Germany, and the United Kingdom.

On the COVID front, the worries continued to mount among traders. While Italy posted the lowest daily COVID case figure since October, a report hinted that Germany could be facing a hiccup in the vaccination process, with Moderna allegedly canceling a shipment meant for the last week of April.

The CAC 40 increased by 0.11% at the opening bell, as Schneider Electric moved up by 0.77% at 9:02 am CET. The FTSE 100 gained 0.48% as the session started, with M&G plc rising 2.15% a minute later. At the same time, the DAX stood flat. The pound lost 0.28% compared to the dollar, going for 1.37850 at 9:01 am CET, while the euro remained unchanged versus the greenback, selling for 1.18776 a minute later.

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Breaking the News / BU