Europe opens higher ahead of inflation data
European equities opened with gains on Tuesday as oil prices firmed. Investors await inflation data in the United Kingdom and the United States due later today. Burberry dropped 6.42% at 9:15 a.m. CET after reporting a 4% decline in underlying first-half revenue.
The DAX added 0.49% at 9:07 a.m. CET. The best performer was RWE rising 1.16% at 9:09 a.m. CET. The German utility said yesterday supply of hard coal to three of its power plants was being affected by low water levels on the river Rhine.
The CAC 40 advanced 0.71% at 9:08 a.m. CET. Pernod Ricard increased 1.67% at 9:05 a.m. CET. The United States increased limit on how much rum Americans can bring back from Cuba for personal use. Now the French distilled beverages producer is a step closer to being allowed to export its Cuban made rum directly to American consumers.
The FTSE 100 grew 0.67% at 9:08 a.m. CET.