European Equities on the Rise

Amid the release of crucial economic data, including Germany’s services PMI and Italy’s GDP and retail sales figures, equities across Europe have seen an upward trend. The Eurozone’s producer price index and services PMI are also eagerly awaited.

Swiss inflation has been reported to decrease to 0.3% in February, while French industrial production saw a 0.6% drop in January. Additionally, major companies like Adidas and Bayer have released their fourth-quarter earnings reports, adding to the day's economic insights.

Market Highlights

The DAX experienced a significant surge of 2.24% at the open, with Heildeberg Materials leading the charge with an 8% increase. The FTSE 100 wasn't far behind, adding 0.24%, and the Games Workshop Group saw a remarkable 7.99% increase by 9:01 am CET. The CAC 40 enjoyed a 1.39% jump, largely thanks to ArcelorMittal's 6.88% surge. Meanwhile, the EuroStoxx 50 increased by 0.66%, with Siemens gaining 3.60% at 9:02 am CET.

Currency markets also saw movement, with the euro gaining 0.57% against the dollar to sell for 1.06704, and the pound sterling increasing by 0.29% against the greenback to sell for 1.28060 at 8:58 am CET.