Stock exchanges in Europe traded higher at the start of Wednesday's trading session as investors braced for the release of inflation reports in the Eurozone, France, Germany, and Spain later in the week. Additionally, heightened geopolitical tension in the Middle East followed Hezbollah's long-awaited retaliation against Israel for the killing of a senior commander.
The German Dax rose 0.25%. The Euro Stoxx 50 increased 0.31%. The French CAC 40 advanced 0.34% and the British FTSE 100 traded 0.17% higher.
The German Dax rose 0.25% as Muench Rueckvers Vna went 0.79% up. The Euro Stoxx 50 increased 0.35% with ING Groep NV gaining 0.83%. The French CAC 40 advanced 0.56% as ArcelorMittal SA jumped 1.78%. The British FTSE 100 traded 0.62% higher with Coca-Cola increasing 1.82%.
The euro traded 0.25% lower against the dollar and went for 1.11567 at 9:01 am CET, and the pound was 0.17% lower compared to the dollar, selling for 1.32396.
