European Markets on the Rise

Following the latest earnings reports and economic data, major stock market indexes in Europe experienced a mostly positive opening this Thursday. Germany's annual inflation rate met expectations, while the United Kingdom's economic growth slightly surpassed forecasts. Companies such as Siemens AG and Commerzbank AG reported significant yearly increases in their revenues.

Index Performances

The DAX saw an increase of 1.27%, reaching 281 points, with Siemens AG soaring by 5.89% at 9:06 am CET. The FTSE 100 remained flat, whereas the CAC 40 rose by 0.78%, highlighted by Legrand SA's surge of 8.20% at 9:07 am CET. The Euro Stoxx 50 grew by 0.99%, with Adyen NV skyrocketing by 11.32% at the same time.

Currency Movements

In currency markets, the euro appreciated by 0.32% against the dollar at 8:59 am CET, trading at $1.04248. Similarly, the pound sterling increased by 0.52% to $1.25098.