Major stock markets in Europe opened higher on Monday as investors digested the latest inflation data from Switzerland and Turkey, while anticipating Spain's unemployment data and the Eurozone's report on investor confidence. United States President Donald Trump's tariffs and their effect on the global economy remained in focus, as markets braced for this week's monetary policy decision by the Bank of England.
The DAX rose by 0.15% at the opening bell, with Commerzbank adding 0.94% at 9:00 am CET, and the FTSE 100 climbed by 0.24%, as Barclays grew by 1.42% at 9:01 am CET. At the same time, the CAC 40 increased by 0.49%, with Teleperformance up by 1.73% at 9:01 am CET, while the Euro Stoxx 50 advanced by 0.49% at the open, as Prosus jumped by 1.92% at 9:02 am CET.
The euro lost 0.12% against the dollar and went for $1.15741 at 8:58 am CET. Meanwhile, the pound was flat compared to the dollar at 8:59 am CET, going for $1.32861.
