Market

European Markets Open Higher Amid Inflation Reports and Anticipation of US-Russia Summit on Ukraine

European Markets Kick Off Week on Positive Note

Major European stock exchanges opened with gains on Monday, as investors eagerly await a new round of inflation reports, with particular focus on the upcoming data from the United States.

Political Tensions and Economic Data in Focus

Political developments, especially concerning Ukraine, remain in the spotlight. This comes as US President Donald Trump and Russian President Vladimir Putin are scheduled to meet later this week, a meeting that could have significant implications for the region.

Stock Performance Highlights

At 9:00 am CET, the DAX saw a modest increase of 0.10%, while the Euro Stoxx 50 climbed by 0.27%. Leading the gains, Bayer outperformed on both indexes with a 1.73% rise. Similarly, the CAC 40 opened 0.22% higher, with Kering advancing by 1.09%. The FTSE 100 also started the day positively, up by 0.15%, thanks to Astrazeneca's 1.23% gain.

Currency Movements

The euro and pound both appreciated against the dollar, with the euro trading 0.20% higher at 1.16655 and the pound rising 0.13% to 1.34673.