European markets have opened higher today, amid easing tensions over the financial health of a major Portuguese bank and ahead of the Euro-zone industrial production data for May.

Closer home, market participants await the BRC retail sales data which is widely expected to show that like-for-like retail sales rose at a faster pace in June. Traders are also expected to keep a tab on the European Central Bank president, Mario Draghi’s speech before the European Parliament Committee scheduled later today.

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