Europe opens mixed amid economy, global tax news
Major stock markets in Europe opened the trading session on Monday mixed, as investors looked at how a potential global tax would influence the markets. Over the weekend, the G7 reached a deal on the minimum global tax, a move that was welcomed by the European Union, corporations, and the wider international community. Meanwhile, Germany reported that its new factory orders declined in April, while the reports on May house prices in the United Kingdom and the June investor confidence in the Eurozone will be published later today.
The DAX opened 0.22% in the red, with Heidelbergcement AG decreasing 1.27%. The FTSE 100 increased 0.19%, as Ocado Group plc rose by 1.06%. The CAC 40 stood flat at the opening bell.
The euro declined 0.13% against the dollar trading for $1.21511 at 9:03 am CET, while the pound dropped 0.25% against the greenback selling for $1.41225 at the same time.