Europe Set to Open Higher as Data and Earnings Take Center Stage

Europe Set to Open Higher as Data and Earnings Take Center Stage

Major European stock markets traded higher in premarket hours on Wednesday as investors awaited the latest inflation reports from Spain and the United States, both due later today. Traders also assessed ASML’s latest quarterly results while keeping an eye on earnings reports from BlackRock, Bank of America, and Morgan Stanley.

At 8:01 am CET, the DAX rose 0.29%, the CAC 40 gained 0.13%, the FTSE 100 advanced 0.15%, and the Euro Stoxx 50 climbed 0.07%. In the currency market, the euro remained flat against the dollar at $1.12052, while the pound sterling gained 0.12% to $1.32703.