European Markets Kick Off the Week on a Positive Note

As the new week begins, major stock indexes across Europe have opened higher, with investors keenly awaiting the latest inflation figures from the euro area. Expectations are set for a decline in the annual inflation rate for February. Alongside this, the market is also anticipating the release of manufacturing PMI reports for the Eurozone, Germany, and the United Kingdom.

Market Movements at the Opening Bell

At the start of trading, the DAX index saw an increase of 0.75%, while the Euro Stoxx 50 marked a modest gain of 0.10%. The CAC 40 and FTSE 100 also experienced upward movements, with increases of 0.30% and 0.24%, respectively.

Currency Movements

In the currency markets, the euro strengthened against the dollar, trading 0.29% higher, while the pound also saw a slight increase of 0.16% against the greenback.

More updates to follow...