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6/14, 9:02 AM (Source: TeleTrader)
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Europe opens higher amid data reports

Major stock indexes in Europe rebounded from yesterday's losses and traded higher at the open on Tuesday, despite disappointing data reports. German inflation rose 7.9% on a yearly basis, while the unemployment rate in the United Kingdom stood at 3.8% in the three months to April. The economic sentiment surveys for the Eurozone and Germany are to be released later during the day.

The DAX gained 0.97% or 130 points at the open, with Delivery Hero surging 3.88% at 9:03 am CET. The CAC 40 added 0.75% at 9:01 am CET as Societe Generale increased 2.29% at the same time. The FTSE 100 rose 0.62% at the opening bell as HSBC Holding jumped 2.43% at 9:00 am CET.

The euro traded 0.32% higher against the dollar at 8:59 am CET, selling for 1.04397. The pound was 0.28% up versus the greenback, going for 1.21686 at the same time.

Baha Breaking News (BBN) / AY