2/9, 9:00 AM (Source: TeleTrader)
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European stock markets rise at open after German CPI

European stock markets opened higher on Thursday amid the publication of the latest batch of financial reports and the release of new economic data.

Earlier, Credit Suisse Group AG said its basic loss per share for the three months ended at 0.46 Swiss francs. Also, AstraZeneca, Siemens, and ArcelorMittal published their financial reports during premarket hours. On the data front, Germany's Federal Statistical Office stated that consumer prices in Germany rose 8.7% in January compared to the same month a year earlier.

At 9:01 am CET, the pan-European Euro Stoxx 50 inched up by 0.84%, with Bayer jumping 6.01%. The CAC 40 added 0.91%, while Legrand improved by 6.43%. Across the English Channel, the FTSE 100 rose by 0.45%, as Compass increased by 2.12%. Two minutes later, German DAX gained 1.13%, with Siemens up by 5.57%.

The euro and the pound were both up by 0.22% and by 0.27% against the dollar at 8:57 am CET, selling for $1.07368 and $1.21008 simultaneously.

Baha Breaking News (BBN) / JG