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6/6/2019, 9:16 AM (Source: TeleTrader)
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Europe rises in early trading ahead of ECB decision

European markets were higher in early trading on Thursday as investors wait for the European Central Bank's interest rate decision expected later in the day. Meanwhile, recent economic data showed that factory orders in Germany increased slightly in April, with foreign orders recording a decline, while domestic orders increased over 1%.

European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said that Italy needs a substantial correction of its budget deficit, after Brussels started disciplinary procedures against Rome yesterday, due to its "imprudent" fiscal policies.

The FTSE 100 added 0.35% at 9:15 am CET with Aviva Plc rising 1.34% at the same time. The DAX was 0.17% higher at 9:15 am CET. Linde Plc was the best early performer, climbing 1.23% at 9:17 am CET. The CAC 40 was 0.20% in the positive territory at 9:15 am CET, led by TechnipFMC up 0.96% at 9:16 am CET. The euro traded flat against the dollar, selling for 1.1225 at 9:16 am CET.

Breaking the News / SS