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2/23, 9:04 AM (Source: TeleTrader)
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Europe opens higher after UK reveals plans for lifting lockdown

Equities on major European stock markets were higher at the start of trading sessions on Tuesday after United Kingdom Prime Minister Boris Johnson yesterday revealed the government plans on how to remove the coronavirus-caused restrictive measures in England in several stages and British Health Secretary Matt Hancock noted the end of the pandemic in the country is within sight. The UK unemployment rate increased to 5.1% in the October-to-December quarter, the Office for National Statistics' data showed. Also, HSBC Holdings plc released its latest quarterly and yearly figures.

The DAX added 0.23% at 9:03 am CET with Covestro AG advancing 2.10% and leading the gains at 9:04 am CET. London's FTSE 100 was 0.28% higher at 9:00 am CET as BP rose by 3.16% at the same time. The CAC 40 gained 0.26% at 9:00 am with Renault growing 1.59% at 9:01 am CET.

The euro was 0.16% up compared to the dollar at 9:02 am CET, trading for 1.21727. The British pound increased by 0.26% against the American currency, going for 1.40969 a minute later.

Breaking the News / MS