3/3/2023, 9:03 AM (Source: TeleTrader)
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Europe opens higher with data in limelight

Major stock markets in Europe opened with gains on Friday as investors locked their attention on the release of data releases, with business activity reports slated for publishing across Germany, Britain, and Eurozone in the coming hours.

In addition, market participants awaited the latest update on the producer price index in the region, while Destatis's data registered trade surplus in Germany last month.

The Euro Stoxx 50 rose 0.38%, with Nokia Corporation as its best performer, jumping 3.25%. Frankfurt's DAX advanced 0.67%, as Covestro AG increased 2.72%. The CAC 40 gained 0.40%, as Eurofins Scientific SE pulled the index up by 2.18%. London's FTSE 100 was up 0.10%, with Ocado Group climbing 1.71%.

At 9:01 am CET, the euro traded 0.13% higher against greenback, to sell at $1.06137. British pound edged up by 0.24%, to change hands to $1.19817.

Baha Breaking News (BBN) / AB