Europe opens higher with economic rebound in focus

Friday, 28. May 2021 09:02

Major stock markets in Europe opened higher on Friday as traders are waiting for the latest update on consumer confidence and business climate in the Eurozone. Meanwhile, European Council President Charles Michel hailed the fact the European Union's members ratified the funding of the Next Generation EU package, aimed at combating the crisis the COVID-19 pandemic led to.

The DAX opened 0.26% higher as Siemens AG rose by 2.78%. The FTSE 100 grew by 0.28%, with HSBC Holding PLC advancing by 2.12%. The CAC 40 went up by 0.27% as Airbus SE gained 1.91%.

The euro declined by 0.17% against the dollar, changing hands for $1.21748 at 8:54 am CET. At the same moment, the pound sterling lost 0.14% to the greenback, selling for $1.41877.

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Breaking the News / JR