European Markets Open Higher Amid Inflation Data and Geopolitical Developments

Major European stock markets opened higher on Wednesday, reacting to the latest inflation data which showed a slight decrease in Germany to 2% and an increase in Spain to 2.7% in July. The markets are also closely watching the upcoming meeting between US President Donald Trump and Russian President Vladimir Putin, confirmed to take place in Anchorage, Alaska, this Friday.

Stock Performance Highlights

Germany's DAX rose by 0.39% at the opening bell, with Sartorius adding 1.19%. The United Kingdom's FTSE 100 advanced by 0.31%, as Fresnillo grew by 1.38%. France's CAC 40 climbed by 0.30%, with Thales up by 1.34%, while the pan-European Euro Stoxx 50 increased by 0.41%, as Prosus jumped by 2.46%.

Currency Movements

The euro gained 0.16% against the dollar, trading at $1.16932, while the British pound was up by 0.12% compared to the dollar, going for $1.35160.