11/22/2021, 9:04 AM (Source: TeleTrader)
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Europe opens higher despite pandemic woes

Equities on the major stock market indexes in Europe traded higher on Monday despite a weekend of pandemic-related fears across the continent.

Germany and France both saw significant jumps in COVID-19 incidence, with the former reporting record highs. Additionally, news of the new, strict COVID lockdowns resulted in protests in the Netherlands and Austria, with Austrian citizens also protesting the vaccination mandate. Notably, investors are expecting the EU Consumer Confidence survey results to be released later in the day.

The DAX gained 0.22% as the session started, as DT Telekom led the gains with a 1.44% increase. The CAC 40 moved up by 0.33% at the same time, as Vivendi SA increased by 2.04%. Concurrently, the FTSE 100 rose by 0.44%, as BT Group PLC gained 3.05%. The euro slid 0.18% versus the dollar, selling for $1.12680 at 8:47 am CET, while the pound remained flat compared to the United States currency, going for $1.34361 at the same time.

Baha Breaking News (BBN) / TT