Major stock indexes in Europe rebounded from yesterday's losses and traded higher at the open on Tuesday, despite disappointing data reports. German inflation rose 7.9% on a yearly basis, while the unemployment rate in the United Kingdom stood at 3.8% in the three months to April. The economic sentiment surveys for the Eurozone and Germany are to be released later during the day.
The DAX gained 0.97% or 130 points at the open, with Delivery Hero surging 3.88% at 9:03 am CET. The CAC 40 added 0.75% at 9:01 am CET as Societe Generale increased 2.29% at the same time. The FTSE 100 rose 0.62% at the opening bell as HSBC Holding jumped 2.43% at 9:00 am CET.
The euro traded 0.32% higher against the dollar at 8:59 am CET, selling for 1.04397. The pound was 0.28% up versus the greenback, going for 1.21686 at the same time.