European Markets Open Mixed Amid Economic Data and ECB's Rate Decision

On Friday, major European stock exchanges experienced a mixed opening as investors analyzed a fresh batch of economic data. The United Kingdom's GDP fell 0.1% in October, while Germany's trade surplus stood at €13.4 billion.

In a significant move, the European Central Bank cut its main interest rates by a quarter of a percentage point. ECB President Christine Lagarde noted that economic growth in the region slowed in the current quarter.

Among indices, the DAX rose 0.21%, while the CAC 40 declined 0.11%. The FTSE 100 and Euro Stoxx 50 started the session flat. Meanwhile, the euro traded 0.07% below the dollar, and the pound lost 0.33% against the greenback.

Stay tuned for more updates.