9/27/2022, 9:03 AM (Source: TeleTrader)
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European stocks rise after choppy session

European stock markets opened higher on Tuesday after yesterday's session, which closed in negative territory due to the fall of the pound sterling and concerns about the economic outlook.

On the political front, the United Kingdom Ministry of Defense said earlier that Russian President Vladimir Putin will likely announce "formally" the accession of the occupied regions of Ukraine at the end of the week.

The DAX gained 0.90% at 9:01 am CET, with Daimler up by 2.26%. The CAC 40 added 0.68%, while Hermes International improved by 1.70%, and the FTSE 100 rose 0.26%, as ITV edged up by 2.73%.

The euro was up by 0.38% against the dollar at 8:58 am CET, selling for $0.96458. In comparison, the pound gained 0.80% to go for $1.07749 at the same time.

Baha Breaking News (BBN) / JG