European Markets Open Higher

As the trading day commenced, major European stock indexes showed positive movements. Investors are keenly awaiting the Eurozone's latest inflation report, following the release of consumer price data from major European economies earlier in the week. The market also reacted to the United Kingdom's retail sales volumes data for December.

Index Performances

The DAX saw an increase of 0.43%, while the FTSE 100 advanced by 0.94%. The CAC 40 gained 0.27%, and the Euro Stoxx 50 improved by 0.31%.

Currency Movements

The euro experienced a slight decline against the dollar, trading at $1.02838 by 8:58 am CET. Similarly, the pound decreased by 0.47% against the dollar, settling at $1.21734.

Stay tuned for more updates...