4/12, 9:01 AM (Source: TeleTrader)
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Europe opens higher as investors await key economic data

Major European markets opened higher on Wednesday ahead of the publication of key economic data. During the day, investors will learn the latest US inflation figure, an essential reference for global markets amid persistent concerns about the economic outlook.

In other news, market participants are also processing the latest International Monetary Fund (IMF) report. The institution expects the eurozone to grow by just 0.8%, while the UK will likely contract by 0.3%.

After reaching a record high during yesterday's session, at 9:01 am CET, the French benchmark CAC 40 added 0.13%, while WFD Unibail Rodamco improved by 0.91%. Meanwhile, the FTSE 100 rose by 0.57%, as Persimmon increased by 1.11%.

One minute later, the pan-European Euro Stoxx 50 improved by 0.46%, and Vonovia was leading the gains, advancing by 2.46%. Finally, the German DAX grew 0.22% at 9:04 am CET, with Daimler Truck Holding being the best performer at the open, up 3.38%.

On the currency front, the euro and the British pound were up by 0.12% and 0.06% against the dollar at 8:58 am CET, selling for $1.09255 and $1.24318 simultaneously.

Baha Breaking News (BBN) / JG