5/10, 9:05 AM (Source: TeleTrader)
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Europe opens higher amid positive global sentiment

European stock markets started trading on a higher note on Monday amid positive global sentiment. Last week's weaker-than-expected US jobs report fueled hopes that the Federal Reserve would maintain the current low-interest rate environment.

Meanwhile, on the European economic calendar, traders were awaiting the Sentix investor confidence survey for the euro area and the UK's Halifax House Price Index.

The DAX rose 0.09% in the first minutes of trading in Frankfurt as Deutsche Bank led the gains. Meanwhile, the CAC 40 was up 0.13% with ArcelorMittal spiking over 2%. The FTSE 100 climbed 0.30% at 9:05 am CET boosted by mining stocks. The euro declined 0.06% against the dollar at 9:10 am CET, buying 1.21555. At the same time, the pound jumped 0.55% compared to the greenback, to go for 1.40578.

Breaking the News / JC