European shares higher ahead of inflation data

Shares on major European stock markets moved slightly higher during premarket trading on Friday as traders awaited the final euro area consumer price index report for June.

The previous inflation reading revealed consumer prices rose 1.9% on the year, however, policymakers expect price pressures to accelerate in the second half of the year. Nevertheless, European Central Bank officials reiterated in recent weeks that they will wait for a full economic recovery before removing support measures.

The DAX added 0.07% at 8:00 am CET, while the CAC 40 was up 0.08%. Meanwhile, the FTSE 100 gained 0.25% in London. The euro declined 0.05% against the dollar at 8:05 am CET, buying 1.18049.

Breaking the News / JC

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