European Markets Eye Positive Open

Investors are turning their attention to earnings reports from major firms such as Ferrari, Hugo Boss, Philips, Continental, and Uniper, alongside a series of economic releases. These include French industrial output, Spanish and Swiss unemployment changes, and various PMIs across the Eurozone and Germany.

Market Movements at a Glance

At 8:00 am CET, the DAX increased by 0.13%, the British FTSE 100 advanced 0.15%, and the CAC 40 gained 0.17%. Meanwhile, the Euro Stoxx 50 saw a slight decline of 0.21%.

Currency Watch

The euro and the pound remained stable against the US dollar at 7:58 am CET, trading at $1.13194 and $1.132905, respectively.