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7/4, 9:02 AM (Source: TeleTrader)
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Europe opens higher despite downbeat data

Major European stock market indexes traded higher at the open on Monday despite disappointing data. Germany recorded a trade deficit of €1 billion in the month of May, while Switzerland reported that the inflation in the country rose 3.4% in June, going over analysts’ expectations.

Meanwhile, traders are still awaiting reports on investor confidence and producer prices in the Eurozone, which will be released later during the day.

The DAX rose 0.71% or 90 points at the open, with Airbus adding 1.25% at 9:02 am CET. The CAC 40 increased 0.86% at 9:01 am CET, as TotalEnergies went up 2.25% a minute later. The FTSE 100 gained 0.79% at the opening bell, with Harbour Energy jumping 3.13% at 9:03 am CET.

The euro was flat against the dollar at 8:59 am CET, selling for 1.04253. The pound was 0.06% up versus the greenback, going for 1.21035 at the same time.

Baha Breaking News (BBN) / AY