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6/16, 9:02 AM (Source: TeleTrader)
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Europe opens higher after promising UK data

Major stock markets in Europe opened higher on Wednesday after the consumer and producer prices in the United Kingdom achieved better-than-expected results in May. Later on, European Central Bank (ECB) Vice President Luis de Guindos will give a new update on the current economic situation, much influenced by the COVID-19 pandemic.

The DAX traded 0.16% higher at the opening as Deutsche Bank AG grew by 0.76%. The FTSE 100 rose by 0.14%, with Just Eat Takeway.com NV going up by 1.38%. The CAC 40 advanced by 0.24% as Worldline SA increased by 1.32%.

The euro stood flat against the dollar to sell for $1.21302 at 8:57 am CET. At the same time, the pound sterling gained 0.24% against the greenback to change hands for $1.41164.

Breaking the News / JR