8/22/2023, 9:00 AM (Source: TeleTrader)
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Europe opens higher amid economic reports, bond selloff

Major European markets opened higher on Tuesday as investors braced for another batch of economic data during the week amid a massive global bond sell-off.

This week, investors will receive the latest reports on manufacturing in the eurozone, Germany, and the UK, as well as GDP and business expectations in Germany.

At 9:00 am CET, the French benchmark CAC 40 added 0.35%, while STMicroelectronics improved by 1.27%. The FTSE 100 rose by 0.13%, as ITV increased by 2.42%.

One minute later, the pan-European Euro Stoxx 50 improved by 0.28%, and ASML Holding was leading the gains, rising by 1.58%. The German DAX rose 0.19% at 9:03 am CET, with Zalando SE being the best performer at the open, up 1.77%.

The euro and the British pound were up by 0.19% and 0.22% at 8:58 am CET, selling for $1.09177 and $1.27817 simultaneously.

Baha Breaking News (BBN) / JG