7/1, 11:45 AM (Source: TeleTrader)
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Europe turns to gains despite inflation data

Major stock markets in Europe turned to gains after sharply falling at the open on Friday, despite the latest inflation report showing that the figure reached a record high of 8.6% in June.

Meanwhile, manufacturing activity in Germany and the United Kingdom expanded at a slower pace, however, still managing to stay above the neutral 50.

DAX gained 0.43% at 11:43 am CET, while CAC 40 grew 0.42% at the same time. FTSE 100 added 0.28% a minute later. The euro traded 0.19% lower against the dollar, selling for 1.094631 at 11:44 am CET, while the pound lost 0.79% to the greenback, to sell for 1.20822 simultaneously.

Baha Breaking News (BBN) / AY