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European stocks rose at the beginning of trading with the Turkish lira rising from its lowest levels

2018-08-14 09:48 am | Resource: قسم التحليل الاساسي | No Views : 168

Stock markets across Europe opened higher on Tuesday as investors watched closely the recovery of the Turkish lira, which has been in a state of free fall for the last three days.

In connection with US-Turkish tensions, US President Donald Trump signed a new defense spending bill, which prohibits the sale of F-35 fighter jets to Turkey until the Pentagon issues a report on relations between Turkey and the United States within 90 days.

On the data front, Germany's GDP is 0.5% in the second quarter, while inflation in the country grew by 2% yoy.

Where it already registered 0.5% in the second quarter of 2018 compared to the first three months of the year, the Federal Statistics Office reported on Tuesday.

At the same time, GDP in the second quarter of 2018 rose by 2.3% over the same period last year.

European stocks open

The FTSE 100 in Britain rose 0.09% at the opening bell. Millrose Industries was the biggest gainer, rising 1.29%.

The CAC 40 index opened higher by 0.52%. ArcelorMittal rose 1.06% after better earnings in seven years

Open the DAX 0.70% index in the green zone. RWEW jumped 2.54% after the company reported earnings per share of € 0.26 in the first half of 2018, down 23% from the same period last year.

The euro rose 0.15% against the dollar, trading at 1.1427 at 9:01 am GMT

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