3/29/2021, 9:06 AM (Source: TeleTrader)
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Europe opens higher as Suez blockage nears end

Major stock markets in Europe opened higher on Monday amid the hopes the ship stranded in the Suez Canal, which has caused disruption of $9.6 billion a day, will be released during the day. Meanwhile, England eased some of the restrictions imposed to prevent the further spread of COVID-19 and allowed traveling across the territory and a number of outdoor activities.

The DAX opened 0.42% higher as Bayerische Motoren Werke AG (BMW) rose by 1.23%. The FTSE 100 advanced by 0.06%, with BT Group PLC gaining 1.96%. The CAC 40 went up by 0.15% as Atos SE increased by 1.44%.

The euro lost 0.10% to the dollar to change hands for $1.17825 at 8:55 am CET. At the same time, the pound sterling declined by 0.15% against the greenback to sell for $1.37704.

Baha Breaking News (BBN) / JR