European stock markets opened higher on Monday, while the FTSE remained closed due to holidays. Today, investors will receive the latest data on manufacturing in Germany and the EU.
The first week of the year also brings significant economic events. Among them are the release of German unemployment reports, as well as EU CPI data. All this comes at a time of renewed concern about the pace of macroeconomic indicators and the future rate hikes of the European Central Bank (ECB).
The DAX gained 0.47% at 9:01 am CET, with Vonovia SE up by 2.00%, and the CAC 40 added 0.72%, while TotalEnergies SA improved by 1.54%. Euro Stoxx 50, the index representing the 50 largest companies in the Eurozone, expanded by 0.75%, with Adyen NV up by 1.88%.
The euro and the British pound were down by 0.37% and by 0.23% against the dollar at 8:58 am CET, selling for $1.06661 and $1.20618, respectively.
