6/5, 9:05 AM (Source: TeleTrader)
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Europe opens slightly higher ahead of PMI data

Major European stock markets traded with slight gains at Monday's opening bell as investors focused on the upcoming business activity data from the European Union and the United Kingdom. Earlier today, UBS Group confirmed it would finalize its takeover of collapsed bank Credit Suisse within a week.

The previous weekend was marked by news that OPEC+ maintained oil output cuts through 2024, with the United States overcoming the debt crisis after President Joe Biden signed the bill removing the debt limit.

The DAX added 0.16% at the open, while the FTSE 100 gained 0.43%. The Euro Stoxx 50 and the CAC 40 stood flat. The euro lost 0.15% against the dollar to sell for 1.06927 at 8:58 am CET, while the pound declined 0.37% to $1.24067.

Baha Breaking News (BBN) / ND