Investors Eye Economic Reports Across Europe

As European stock markets opened on Tuesday, investors were keenly awaiting a slew of economic reports. Key data on consumer inflation and employment figures within the eurozone, alongside Italy's Consumer Price Index (CPI) and unemployment rates, were on the agenda. Earlier insights into UK housing prices by Halifax set the stage for a day filled with economic indicators.

Market Movements and Currency Fluctuations

Frankfurt's DAX and Italy's CAC 40 started the day flat, while London's FTSE 100 saw a slight decrease of 0.33%. The Euro Stoxx 50 also dipped by 0.15%. On the currency front, the euro and the pound both gained against the dollar, with the euro trading at $1.04164 and the pound at $1.25533.

Global Construction PMI and CPI Figures

Traders were also set to review reports on global construction PMI within the UK. Additionally, France and Switzerland released their yearly CPI figures, providing further insights into the economic landscape across Europe.

More to come...