Europe opens higher amid inflation data, Ukraine
Major European stock market indexes traded higher at the open on Wednesday, with investors following the latest reports on inflation. The Office for National Statistics revealed that the annual inflation in the United Kingdom rose by 9% in April.
Meanwhile, Finland and Sweden have officially submitted their applications to join the North Atlantic Treaty Organization (NATO), as the conflict in Ukraine continues.
The DAX added 0.09% at the opening bell as Daimler Truck jumped 1.44% at 9:02 am CET. The CAC 40 was up 0.16% at 9:01 am CET, with Engie increasing 1.62% a minute later. The FTSE 100 gained 0.07% at the open as International Consolidated Airlines rose 1.45% at 9:01 am CET.
The euro traded 0.28% lower against the dollar at 9:00 am CET, selling for 1.05207. The pound lost 0.42% versus the greenback, going for 1.24405 at the same time.