Market Overview

As the new week unfolds, major European indexes have started on a downward trend, with investors closely watching for the release of key inflation data. The anticipation has caused a noticeable stir in the market, affecting major indexes and currency values.

Index Performance

The DAX saw a decrease of 0.25% at the opening bell, while the FTSE 100 wasn't far behind, losing 0.19%. The CAC 40 managed to stay flat, but the Euro Stoxx 50 wasn't as fortunate, trading 0.42% below the line.

Currency Movements

In currency news, the euro experienced a slight decline, losing 0.24% against the dollar, bringing its value to $1.02205 as of 8:56 am CET. The pound also faced a downturn, decreasing by 0.54% against the dollar, with its value settling at $1.21432.

More updates to follow as the market reacts to the upcoming inflation data...