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5/26, 9:02 AM (Source: TeleTrader)
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Europe mostly higher at open on last day of Davos week

European stock exchanges were mostly higher at the start of trading on Thursday, with the 2022 World Economic Forum in Davos, Switzerland drawing to a close. German Chancellor Olaf Scholz will deliver a speech just before the four-day event ends. Investors worldwide will also monitor the latest earnings report by Alibaba and the first-quarter GDP figures from the United States later in the day.

The DAX was up 0.18% at 9:00 am CET as Bayer grew 1.14% and led the gains at 9:04 am CET. London's FTSE 100 declined 0.06% at 9:00 am CET, with BT Group, its worst performer, losing 3.34% a minute later. The CAC 40 increased by 0.06% at 9:00 am CET as TotalEnergies gained 0.95% at the same time.

The euro was flat compared to the dollar, selling at 1.06770 at 8:59 am CET. The British pound was 0.10% lower against the greenback, going for 1.25646 concurrently.

Baha Breaking News (BBN) / MS