European Markets Edge Higher Amid Anticipation of Economic Data

As the week kicked off, major European stock exchanges showed a predominantly upward trend. Investors are on the edge of their seats, awaiting a slew of economic data releases. Among the highlights are the consumer and producer inflation figures from the Eurozone and Germany. Additionally, monetary policy decisions from the United States Federal Reserve, the Bank of England, and the Swiss National Bank are eagerly anticipated in the coming days.

Market Movements at a Glance

The DAX index saw a modest increase of 0.23% at the opening, with Bayer leading the charge with a 1.57% rise at 9:01 am CET. Conversely, the Euro Stoxx 50 experienced a slight decline of 0.10% at 9:00 am CET, with Kering taking a hit, dropping by 1.77% at 9:02 am CET. The CAC 40 started the day with a 0.10% gain, buoyed by Veolia's 1.83% increase at 9:03 am CET. The FTSE 100 wasn't left behind, adding 0.19% at the session's start, with Phoenix making headlines with a 6% surge at 9:03 am CET.

Currency Watch

In the currency markets, both the euro and the pound remained stable against the dollar at 8:58 am CET, trading at 1.08752 and 1.29351, respectively.