European Markets Open Higher Amid Anticipation of ECB Rate Cut

As the European Central Bank (ECB) prepares to announce its decision on key interest rates, major stock markets across Europe have opened higher. Expectations are set for a 25 basis points reduction, stirring optimism among investors. Alongside, market participants are keenly awaiting updates on the United Kingdom's construction sector and the Eurozone's retail sales figures, all while processing recent data on Switzerland's unemployment rates and Lufthansa's fiscal performance.

Market Movements at a Glance

The DAX index witnessed a 0.63% increase at the opening, with the FTSE 100 not far behind, marking a 0.23% rise. The CAC 40 and Euro Stoxx 50 also saw positive movements, advancing by 0.62% and 0.46%, respectively.

Currency Watch

At 8:58 am CET, the euro and the pound remained steady against the dollar, trading at $1.07976 and $1.29083, respectively.

Stay tuned for more updates...