European markets have opened mostly higher today, as investors grew optimistic after data suggested improvement in the performance of UK businesses and an increase in German retail sales. Further, the confirmation of dovish Janet Yellen as the next Fed Chairman also buoyed market sentiment.

Closer home, the British Chambers of Commerce (BCC), in its quarterly economic survey, indicated that the overall economy grew by around 0.9% in the fourth-quarter period, faster than 0.8% reported in the third-quarter.

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