European stock markets First hour: Indices open higher on weaker euro and French data
European stocks open higher today boosted by a weaker euro, re-approaching lows from a month ago and down for a fifth consecutive day. The weaker single currency is seen as positive for Eurozone's economy recovery. Better-than expected French data on Industrial Production further added to the bullish sentiment.
The Unemployment Rate in Switzerland unexpectedly rose to 3.4% in March, above the estimated flat reading of 3.2%.
French Industrial Production for February came in at 0.0%, beating estimates for a decline by -0.1%. In January Industrial Production rose +0.4%. Year on year Industrial Production declined from a previous reading of +0.6% to +0.3%.
The commodity heavy FTSE 100 index is currently trading +0,46% quoted at 7,047.46 points. Germany's DAX 30 is trading at 12,228.09 points +0.51%. France's CAC 40 is currently trading at 5,220.64 points, +0.22%.
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