4/1, 9:02 AM (Source: TeleTrader)
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Europe opens higher ahead of EU-China summit

European markets opened higher in the last session of the week amid expectations of the EU-China summit, the global impact of the Ukraine crisis, and the data that European institutions will post today.

According to Brussels, the 23rd EU-China summit will focus on the military operation in Ukraine and their bilateral relations. The latest manufacturing and inflation data for the Eurozone are published later in the day. Sanctions continue to be imposed on Russia, while reports indicate that Ukrainian forces have retaken the villages of Sloboda and Lukashivka.

The DAX gained 0.14% at 9:01 am CET, with Delivery Hero up by 1.28%. The CAC 40 added 0.18%, while Eurofins Scientific improved by 2.08%. The FTSE 100 rose 0.16%, as Auto Trader Group went up by 1.71%. The euro was up by 0.06% against the dollar at 8:58 am CET, selling for $1.10725. In comparison, the pound lost 0.09% to go for $1.31240 simultaneously.

Baha Breaking News (BBN) / JG