5/30, 9:03 AM (Source: TeleTrader)
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Europe opens higher prior to major inflation data

European stocks kicked off the week in the green territory as investors looked toward the latest reports on the state of the business sentiment across the Eurozone as well as German inflation, set for release later today.

The European Union could also reveal its sixth sanctions package against Russia that includes an oil embargo as soon as today, according to the bloc's foreign policy chief Josep Borrell.

The DAX gained 0.81% or 119 points at the opening bell. The FTSE 100 rose 0.40%. The CAC 40 opened 0.49% higher, with Credit Agricole holding the index back by sinking over 8.5%. The euro climbed 0.21% against the dollar to sell for 1.07562, while the pound stood slightly higher at $1.26438.

Baha Breaking News (BBN) / ND