European shares open higher ahead of US shutdown vote
(Il Sole 24 Ore Radiocor) - Milano, 12 nov - European shares opened higher as optimism over a potential end to the US government shutdown lifted global sentiment. Markets are awaiting the US House vote expected to end the country's longest-ever government shutdown, followed by president Donald Trump's signature on the funding bill.
Focus now turns to central bank comments, with speeches due from ECB's Isabel Schnabel and Luis de Guindos, as well as several Federal Reserve officials later in the day.
On the data front, figures from Germany showed that consumer prices rose 0.3% month on month and 2.3% year on year in October, confirming the preliminary estimate. Harmonised consumer prices, calculated for EU purposes, were also up 0.3% on the month and 2.3% on the year, according to Destatis.
Italy's industrial production figures for September will be released later today.
At 0813 GMT, Frankfurt's DAX was up 0.80% at 24,289.73 points, Paris's CAC 40 rose 0.47% to 8,194.66, London's FTSE 100 gained 0.19% to 9,918.25, Milan's FTSE MIB added 0.76% to 44,777.00 and Madrid's IBEX 35 increased 0.64% to 16,503.91.
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(RADIOCOR) 12-11-25 09:19:06 (0212) 5 NNNN