1/24, 9:03 AM (Source: TeleTrader)
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Europe opens in green ahead of PMI reports

European stock exchanges opened higher on Tuesday with traders locking their attention on PMI reports slated for release after the opening bell, which are expected to indicate the current state of business activity in the manufacturing and service sectors across the Eurozone, Germany, and Britain.

Previously published data on consumer confidence in Germany, which registered an upward movement signalling modest recovery in February, likely boosted the positive sentiment in equities.

The Euro Stoxx 50 increased 0.22% with Kering SA advancing by 1.25%. The DAX climbed 0.27% as Deutsche Post AG moved up by 1.14%. The CAC 40 rose 0.30%. Engie SA was its best performer, pulling the index up by 1.52%. London's FTSE 100 gained 0.16% as the Smurfit Kappa Group Plc picked up by 1.30%.

At 8:56 am CET, the euro and the pound sterling traded 0.17% and 0.26% higher against the American currency, to sell at $1.08873 and $1.24062 respectively.

Baha Breaking News (BBN) / AB