Major stock markets in Europe opened higher on Friday, as investors hoped today’s slew of economic data reports will give them a better glimpse of the state of European economic recovery. The United Kingdom reported its retail sales were better than expected in June, while the country’s Purchasing Managers’ Index (PMI) will be published later in the day, alongside those of the European Union and Germany. Meanwhile, the European Central Bank’s Villeroy defended its latest policy, and Michael Barnier accused the UK government of playing filibuster with regards to Northern Ireland.
The DAX opened 0.59% in the green, led by Heidelbergcement increasing 1.36%. The FTSE 100 started 0.31% higher, as Vodafone gained 3.89%. The CAC 40 was up by 0.57% at the opening bell, with Airbus rising 1.72%.
The euro stood flat against the dollar at 9:04 am CET trading for $1.17660, while the pound decreased 0.17% against the American currency changing hands for $1.37459