Europe opens higher on data, earnings

Major European stock markets opened higher on Monday as traders are focusing on the Eurozone, Germany, and the United Kingdom manufacturing data, set to be released during the day. Meanwhile, HSBC and Societe Generale reported losses in, respectively, the first half and the second quarter of 2020, whilst TikTok owner ByteDance and the British government allegedly agreed on relocating the company’s global headquarters from Beijing to London.

The DAX gained 0.58% at the opening bell as Infineon Tech AG went up by 1.70%. The FTSE 100 grew 0.14% with Fresnillo PLC advancing 1.58%. The CAC 40 rose by 0.31% as Renault increased by 1.42%.

The euro lost 0.24% to the dollar to sell for $1.17501 at 8:57 am CET. At the same time, the pound sterling declined by 0.18% to the greenback, with the exchange rate of 1.30596.



Breaking the News / JR



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