European Markets React to Economic Data

On Friday, European stock markets presented a mixed opening, as investors analyzed the latest economic reports from Germany and France. Germany's trade surplus exceeded analysts' expectations, while its industrial output and France's trade deficit also came into focus. The markets are still feeling the impact of the Bank of England's recent decision to cut key interest rates by 25 basis points.

Market Performance

The DAX index saw a slight increase of 0.13%, with BASF SE leading the gains by 7.24% at 9:00 am CET. Conversely, the CAC 40 experienced a minor decline of 0.12%, with L'Oreal dropping by 3.72% at 9:01 am CET. The FTSE 100 and the Euro Stoxx remained stable at the opening.

Currency Movements

At 8:58 am CET, the euro and the pound showed little change against the dollar, trading at $1.03889 and $1.24427, respectively.