European Markets Mostly Lower as Investors Await Fresh CPI Data

On Monday, European markets opened mostly lower as investors braced for a session heavily influenced by the forthcoming publication of critical financial data and key speeches from European Central Bank (ECB) members. The highlight of the week will be the release of the highly anticipated CPI report on Wednesday, which comes just a week after the ECB's decision to reduce interest rates by 25 basis points.

At 9:00 am CET, both the DAX and the FTSE showed no significant movement. However, the CAC 40 experienced a decline of 0.39% by 9:01 am CET, with Vivendi leading the losses at a decrease of 2.81%. A minute later, the pan-European Euro Stoxx 50 index also edged down by 0.26%, with Kering contributing the most to the losses, trading 1.45% lower.

In the currency markets, the euro remained stable against the dollar at 8:58 am CET, trading at $1.05051. Meanwhile, the pound saw a slight increase of 0.11%, reaching $1.26332 at the same time.