4/2/2020, 9:01 AM (Source: TeleTrader)
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Europe opens higher ahead of data

European markets opened with gains on Thursday as investors awaited producer price index figures from the European Union. Before the opening bell European Commission President Ursula von der Leyen stated that the European Union will put aside €100 billion to help countries compensate for wage reductions amid the coronavirus crisis. The global pandemic also remained a crucial topic for traders as the total number of COVID-19 cases in the world reached 936,865.

The DAX opened 0.34% at 9 am CET as it was led higher by Wirecard AG which rose 2.79% at 9:03 am CET. The CAC 40 started 0.72% higher at 9 am CET, with Safran jumping 3.08% at 9:02 am CET. The FTSE 100 was up 0.48% at 9 am CET. The best performing stock on the index in London was Hikma Pharmaceuticals which surged 7.63% at 9:03 am CET.

The euro lost 0.23% against the dollar as it traded at 1.09372 at 9:04 am CET.

Breaking the News / VP