Europe opens higher following data
Major European stock markets opened higher following new economic and financial data. Germany reported its retail sales to have decreased 0.9% in September, but Irish low-cost airliner RyanAir recovered its traffic by 128%, resulting in an 83% increase in revenue. Notably, investors are expecting the release of the Markit PMI data for the United Kingdom during the day, as European Union's Brexit negotiations with the UK over the Northern Ireland Protocol continued, as well as France's AUKUS dispute with Australia.
The DAX was 0.50% in the green at open, as MTU Aero Engines traded 2.55% higher. The FTSE 100 gained 0.47%, as Bt Group PLC increased 1.55%. The CAC 40 opened 0.54% higher at the same time, while Essilorluxottica gained 0.89%.
The euro remained flat against the greenback at 8:57 am CET while the British pound was down 0.30%, changing hands for 1.15564 and 1.36480 respectively.