10/23, 10:26 AM (Source: TeleTrader)
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Europe turns to green, DAX up over 100 points

Major European stock markets recovered their opening losses on Friday on the wings of the latest economic data reports. Despite the Eurozone Composite PMI dropping to a four-month low, data showed the manufacturing sector continued expanding, with the German industry providing the biggest contribution.

The FTSE 100 was up 1.15% at 10:36 am CET, while the DAX jumped 0.76%. The CAC 40 advanced 1.23% at the same time.

The euro gained 0.22% against the dollar at 10:37 am CET to sell for $1.18442, while the pound rose 0.13% to go for $1.30999.

Breaking the News / MD