European stock equities opened Wednesday's session higher after a wave of economic data was published during the early trade. Investors will now shift their focus to the Federal Reserve's rate call, slated to be announced later today.
The final reading of the annual inflation rate in Germany matched the provisional estimate, with consumer prices rising 2.4% in April. The month-over-month economic growth in the United Kingdom stagnated during April, with the country's industrial production contracting by 0.9%. The European Union is expected to announce a 25% tariff on Chinese electric vehicles today.
The DAX grew 0.47% as Siemens Energy AG advanced 1.72%. The FTSE 100 climbed 0.44% with Rentokil Initial surging 13.78%. The CAC 40 rose 0.31% with Credit Agricole SA jumping 2.73%. The Euro Stoxx 50 added 0.33% as Muench Rueckvers Vna gained 1.72%.
The euro and the pound were flat against the dollar, selling at 1.07410 and 1.27380 respectively at 8:57 am CET.
