European Markets React to Economic Indicators

On Friday, European stock markets presented a mixed opening as investors analyzed significant economic reports from Germany and France. Germany's trade surplus exceeded expectations, while its industrial output and France's trade deficit, reported at €3.9 billion for December, were also in focus. The Bank of England's recent decision to cut key interest rates by 25 basis points continued to influence market sentiments.

Market Movements and Currency Fluctuations

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