7/21, 9:02 AM (Source: TeleTrader)
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Europe opens higher with earnings, pandemic in focus

Major stock markets in Europe opened higher on Wednesday, with investors looking at how the latest news on the pandemic and quarterly earnings will shape markets. Daimler, Novartis, and SAP released their quarterly earnings before the bell was rung, with the former two reporting yearly revenue increases, while the latter had a slight decline. Meanwhile, the European Union is doing a review of the GSK-Sanofi coronavirus jab, while the United Kingdom is mulling exempting key workers from isolation, despite a rise in cases.

The DAX increased 0.13% at the beginning of the session, led by Infineon rising 1.68%. The FTSE 100 opened 0.16% higher, with Melrose Industries pc gaining 1.53%. The CAC 40 started 0.57% up, as Airbus increased by 1.43%.

The euro declined 0.16% against the dollar trading for $1.17609 at 9:04 am CET, while the pound dropped 0.14% against the American currency changing hands for $1.36078 a minute later.

Breaking the News / OL