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2/16, 9:01 AM (Source: TeleTrader)
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Europe opens mostly higher with eyes on Ukraine, data

European markets opened mostly higher on Wednesday as investors focused on Ukraine tensions and economic data. Hopes a war in Ukraine will be avoided emerged after Russia started withdrawing troops from Crimea and United States President Joe Biden stated he agreed with his Russian counterpart Vladimir Putin to continue pursuing diplomatic efforts to resolve the crisis. On the data front, the United Kingdom reported a 5.5% jump in consumer prices and a 9.9% surge in producer prices.

The FTSE 100 opened flat.

The CAC 40 rose 0.43% at 9:00 am CET. Air Liquide led the gains, jumping 3.36% at 9:01 am CET.

The DAX added 0.17% at 9:01 am CET. The best performer was MTU Aero Engines whose shares climbed 1.79%.

The pound increased 0.17% against the dollar to go for 1.35608 at 9:03 am CET and the euro gained 0.15% compared to the greenback to sell for 1.13754 at the same time.

Baha Breaking News (BBN) / NP