Major European stock markets traded higher before the opening bell on Monday ahead of manufacturing purchasing managers’ index (PMI) June reports for Eurozone, Germany, and the United Kingdom that are to be released later in the day. Meanwhile, optimism regarding the vaccine against coronavirus continues to rise, as last week both the European Union and Britain reached an agreement on it with French pharmaceutical company Sanofi.
The DAX rose by 0.64% at 7:33 am CET, while at the same time, the FTSE 100 increased by 0.42% and the CAC 40 went up by 0.65%.
The euro lost 0.08% to the dollar, with the exchange rate of $1.17690 at 7:27 am CET. A minute later, the pound sterling stood flat against the greenback to sell for $1.30871.