European markets opened higher on Tuesday ahead of the United Kingdom's construction data and despite the ongoing energy crisis and yesterday's economic data. Germany also published its factory order results for July during the day, however, the market was seemingly not impacted by this data, as the German index opened in the green zone.
Frankfurt's DAX went up by 0.49% at 9:06 am CET, as Zalando Se advanced by 4.37%. CAC 40 increased by 0.25% at the same time. Its best performer was Societe Generale, which traded 0.51% higher after the opening. London's FTSE 100 surged by 0.13% at 9:05 am CET, with Associated British Foods PLC going up by 1.18%.
The euro was 0.38% higher against the American dollar, to change hands to $0.99700 at 8:59 am CET. At the same time, the pound sterling went up by 0.73% against the greenback, going to $1.16027.
