European Markets Open Higher

European markets opened higher on Wednesday, buoyed by positive developments in the US-China trade war and reassuring comments from US President Donald Trump regarding Federal Reserve Chair Jerome Powell. This optimism has sparked a recovery in global markets, with investors hopeful for continued stability.

Market Performances

At 9:01 am CET, significant gains were observed across major indices. The CAC 40 rose by 0.56%, with Eurofins Scientific SE leading the charge at a 5.01% increase. Similarly, the Euro Stoxx 50 saw a 1.07% uplift, thanks to SAP SE's impressive 9.50% surge. The FTSE 100 wasn't far behind, climbing 0.64% as Standard Chartered PLC added 4.79%. By 9:03 am CET, Germany's DAX had jumped an remarkable 2.45%, with SAP SE continuing to outperform.

Currency Movements

Currency markets showed mixed reactions; the euro dipped 0.35% against the dollar to 1.13814 by 8:57 am CET, while the pound remained stable against the US currency at 1.33183.