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9/16, 9:04 AM (Source: TeleTrader)
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Europe opens higher with economic recovery in focus

Major stock markets in Europe opened higher on Thursday, as investors tried to gauge the rate of the economic recovery amid the pandemic. Officials from the European Central Bank tried to reassure the public that the effects of the pandemic may not be as bad as they seem, while some suggested that new measures could be introduced. In politics, the effects of the United Kingdom's cabinet and ministerial reshuffles are yet to be determined.

The DAX opened 0.34% in the green, as Henkel increased 1.58%. The FTSE 100 began 0.22% higher, with Ashtead Group rising 2.36%. The CAC 40 was up by 0.46% at the starting bell, led by Safran gaining 0.98%.

The euro was 0.22% lower against the dollar trading for $1.17907, while the pound lost 0.14% against the American currency changing hands for $1.38196 at the same time.

Breaking the News / OL