5/5, 9:01 AM (Source: TeleTrader)
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Europe opens higher ahead of output updates

Major stock markets in Europe opened higher on Wednesday as traders are waiting for the newest reports on Germany and the Eurozone's service activity, as well as on the latter's producer prices. Meanwhile, Bank of France Governor Francois Villeroy de Galhau stated the institution expected the country's gross domestic product (GDP) to grow by more than 5% in 2021.

The DAX opened 0.75% higher as Merck KGaA increased by 2.48%. The FTSE 100 advanced by 0.26%, with Croda International PLC going up by 2.28%. The CAC 40 rose by 0.53% as ArcelorMittal SA expanded by 1.82%.

The euro lost 0.13% to the dollar to sell for $1.19985 at 8:54 am CET. On the other hand, a minute later, the pound sterling gained 0.09% against the greenback to change hands for $1.39004.

Breaking the News / JR