5/5/2020, 9:00 AM (Source: TeleTrader)
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Europe opens higher as countries lift restrictions

European stock markets opened higher on Tuesday as many countries in the region decided to slowly lift restrictions regarding the weakening of coronavirus. According to data from Johns Hopkins University, over 252,000 people around the world have died from Covid-19 and over 3.6 million people have been infected. Also, investors are focusing on data to come. European Commission will release its economic growth forecast while the Markit Economics is reporting the data on the United Kingdom’s PMI.

The DAX jumped by 1.49% at the opening bell with MTU Aero Engines NA rising 4.96%. The FTSE 100 advanced 1.45% at the start of the session. The CAC 40 kicked off 1.73% higher as Vinci increased by 3.33%. Carnival PLC led the table, advancing 4.17%.

The euro fell 0.13% against the dollar to sell for $1.08893 at 9:01 am CET, while the pound traded flat compared to the greenback, going for $1.24464.

Baha Breaking News (BBN) / TF