European stock exchanges were mostly higher at the start of trading on Thursday, with the 2022 World Economic Forum in Davos, Switzerland drawing to a close. German Chancellor Olaf Scholz will deliver a speech just before the four-day event ends. Investors worldwide will also monitor the latest earnings report by Alibaba and the first-quarter GDP figures from the United States later in the day.
The DAX was up 0.18% at 9:00 am CET as Bayer grew 1.14% and led the gains at 9:04 am CET. London's FTSE 100 declined 0.06% at 9:00 am CET, with BT Group, its worst performer, losing 3.34% a minute later. The CAC 40 increased by 0.06% at 9:00 am CET as TotalEnergies gained 0.95% at the same time.
The euro was flat compared to the dollar, selling at 1.06770 at 8:59 am CET. The British pound was 0.10% lower against the greenback, going for 1.25646 concurrently.
