European Markets Open Higher Following Swiss Inflation Report

On Tuesday, major European stock markets experienced a positive opening, driven by the Swiss Federal Statistical Office's report revealing that the country's annual inflation rate stood at 0.7% in November.

Investors also kept a close eye on the political situation in France, where French Prime Minister Michel Barnier adopted the 2025 budget without a vote in the parliament, prompting opposition parties to submit no-confidence motions.

The DAX grew by 0.14% at the opening bell, while the Euro Stoxx rose by 0.47%, with BASF SE surging by 1.96% on both indexes. At the same time, the CAC 40 increased by 0.34%, as Eurofins Scientific SE jumped by 1.95%. The FTSE 100 advanced by 0.35%, with Persimmon PLC climbing 2.09% at the open.

The euro was flat compared to the dollar and sold for $1.05023 at 8:58 am CET. Meanwhile, the pound gained 0.8% against the dollar, selling for $1.26638 at 8:59 am CET.