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- European stock markets First hour: Stocks open steady to higher, German DAX sets new all-time high
European stock markets First hour: Stocks open steady to higher, German DAX sets new all-time high
European stocks open steady to higher after yesterday's sharp rally despite a weaker Wall Street and continuing uncertainty over Greece - on Tuesday German Finance Minister Wolfgang Schäuble warned that Greece is wasting time. The ECB's QE, its massive bond buying program, continues to lend support.
U.K.'s RICS House Price Balance rose 14%, far more than the expected 6% for February. January data had a reading of 7%.
Data on German CPI came in unchanged and in line with expectations remaining at +0.9% in February. French CPI rose more than expected +0.7%, 0.1% above estimates.
At 10:00 GMT Eurozone's Industrial Production will be in the focus and later in the day U.S. data including Retail Sales, Initial Jobless Claims and Business Inventories.
The commodity heavy FTSE 100 index is currently trading +0.73% quoted at 6,770.81, boosted by gains in the mining sector. Germany's DAX 30 lost -0.07% trading at 11,798.09 setting a new all-time high at 11,828.52 points. France's CAC 40 is currently trading at 4,996.09 points, -0.03%.
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