Europe rises at open after unemployment, inflation reports
Major European markets opened in the green on Tuesday as investors assessed the recently published UK unemployment data and the latest inflation figure for Germany. At 9:00 am CET, the pan-European Euro Stoxx 50 inched up by 0.35%; A SML Holding was up by 1.30%.
Earlier, the German Federal Statistical Office announced that consumer prices rose 10% in November, while the UK Office for National Statistics said the unemployment rate increased by 0.1 percentage points in the three months to October.
At 9:02 am CET, the German DAX gained 0.40%, with Zalando SE up by 5.09%. The CAC 40 added 0.43%, while Capgemini improved by 1.19 %, and the FTSE 100 rose 0.10%, as Johnson Matthey increased by 2.20%.
Ahead of the latest inflation data release in the US, the euro, and the British pound were trading higher against the dollar, gaining 0.14% and 0.11% to sell for $1.05507 and $1.22839 at 8:59 am CET, respectively.