European Markets Start the Week on a Downward Trend

As the new week begins, major European stock markets have opened lower, with investors closely monitoring upcoming earnings reports and inflation data. The spotlight is on key players such as LVMH, Shell, ASML, Roche, Deutsche Bank, and Nokia, all set to unveil their financial performances.

Ryanair has already reported a significant 10% year-on-year increase in its third-quarter revenue, reaching €2.96 billion. This comes as Germany and Spain prepare to release their latest inflation figures, which are expected to significantly influence market sentiment in the days ahead.

Market Movements and Currency Fluctuations

At 9:00 am CET, the French CAC 40 was down by 0.18%, while the Euro Stoxx 50 saw a more substantial decrease of 1.34%. The British FTSE and the German DAX 100 also experienced losses, falling by 0.33% and 0.99%, respectively. In currency markets, the euro and the pound sterling both weakened against the US dollar, with the euro trading 0.34% lower at $1.04588 and the pound sterling falling 0.42% to $1.24330 at 8:58 am CET.

Stay tuned for more updates on these developing stories.