Major European stock markets opened higher on Tuesday following the release of a new set of economic data. Market participants are set to follow the publication of a critical inflation report from the United States to be released today.
Earlier, German Destatis said that the annual consumer price growth in Germany during August confirmed preliminary reading of 7.9%, while the monthly change was confirmed at 0.3%. Meanwhile, in the United Kingdom, the unemployment rate in the three months to July stood at 3.6%, the lowest reading since 1978.
The DAX gained 0.46% at 9:00 am CET, with Daimler Truck Holding up by 5.27%. At the same time, the CAC 40 added 0.43%, while Eurofins Scientific improved by 1.57%. The FTSE 100 rose 0.07% at 9:02 am CET.
The euro and the pound were up by 0.16% and 0.24% against the dollar at 8:58 am CET, selling for $1.01376 and $1.17110, respectively.