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7/27/2018, 9:05 AM (Source: TeleTrader)
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Europe opens flat to higher after ECB interest rates decision

Major stock markets in Europe started the trading session on Friday flat to higher as investors expect United States gross domestic product (GDP) data later in the day. Additionally, on the data front, German import prices rose 0.5% in June, compared to the previous month's growth of 1.6%. European Central Bank President Mario Draghi said on Thursday that the interest rates in the eurozone will be held at a steady rate through the summer of next year.

Meanwhile, the European Union did not accept United Kingdom's customs proposal where the UK would collect customs duties on the union's behalf. The EU chief Brexit negotiator Michel Barnier said that customs authority cannot be delegated to a non-member state.

The FTSE 100 climbed 0.08% at 9:00 am CET. BT Group gained the most after publishing its quarterly financial results, increasing 3.16% at 9:01 am CET.

The DAX added 0.14% at 9:03 am CET. DT. Telekom was the best trading stock, starting the trading session 1.73% in the green at 9:07 am CET.

The CAC 40 lost 0.06% at 9:04 am CET. Kering lost 5.77% at 9:05 am CET.

The euro was flat against the dollar, changing hands for 1.1647 at 9:04 am CET.

Breaking the News / SS