6/2, 9:03 AM (Source: TeleTrader)
more TeleTrader news

Europe opens higher after US debt deal

Major stock equities in Europe opened higher on Friday as investors gained confidence following the United States Senate's approval of the debt ceiling bill, which now awaits President Joe Biden's endorsement.

Meanwhile, optimism that the Federal Reserve could leave the rates unchanged at the upcoming meeting grew this week, following policymakers' remarks. The upward trajectory was further fueled up by Eurozone inflation data which fell more than anticipated in May.

The Euro Stoxx 50 rose 0.55% and the DAX gained 0.61% as Adidas AG jumped 3.93%. London's FTSE 100 added 0.48% with Ocado Group surging 3.51%. The CAC 40 climbed 0.64%, with Compagnie de Saint-Gobain S.A. growing 3.23%.

The euro added 0.08% against the greenback, selling at $1.07731 at 9:01 am CET. British pound was up 0.07% compared to the dollar, to change hands to $1.25384.

Baha Breaking News (BBN) / AB