BREAKING: European Stock Futures Edge Higher as Germany Keeps Shops Open

Photo: Reuters

Investing.com - European stock markets are seen edging higher at the open Thursday, after the region's biggest economy Germany shied away from a significant tightening of restrictions on business despite posting a new record high for Covid-19 infections.

A meeting between Chancellor Angela Merkel and regional governors on Wednesday led to only modest tightening of rules around gatherings and left all shops open, albeit with a further reduction in customer numbers in some cases.

That came as the Robert Koch Institute announced over 32,000 new cases of the coronavirus on Tuesday and a third straight day of over 300 deaths.

At 2:05 AM ET (0705 GMT), the DAX Futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.2%. 

The slowdown in the German economy was evident earlier in the monthly GfK German Consumer Climate index survey, where the main index fell by more than expected to -6.7 in December, from a revised -3.2 in November. 

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