European Markets Show Mixed Reactions to UK GDP Report

On Monday, major European stock markets displayed a mixed performance during premarket hours, primarily influenced by the latest gross domestic product (GDP) report from the United Kingdom. According to the Office for National Statistics, the UK's GDP remained flat in the third quarter of 2024. This economic stagnation has set the tone for investors as they await Spain's GDP report later today.

The DAX index experienced a slight decline of 0.08% at 8:00 am CET. In contrast, the FTSE 100 index saw a modest increase of 0.10%. Meanwhile, the CAC 40 and Euro Stoxx 50 indices showed no significant change.

In currency markets, the euro and the pound both traded flat against the dollar. At 7:58 am CET, the euro was valued at $1.04337, while the pound stood at $1.25694 at 7:59 am CET.