European Markets React to Economic Data

On Friday, European stock markets presented a mixed opening as investors analyzed Germany's latest economic reports. The data revealed a trade surplus that exceeded expectations and a decline in industrial output. Additionally, France reported a trade deficit of €3.9 billion for December. These figures come in the wake of the Bank of England's recent decision to cut its key interest rates by 25 basis points, a move that continues to influence market sentiments.

Stock Performance Highlights

At the opening bell, the DAX index saw a modest increase of 0.13%, with BASF SE leading the charge with a 7.24% growth. Conversely, the CAC 40 index experienced a slight decline of 0.12%, with L'Oreal shares dropping by 3.72%. Meanwhile, the FTSE 100 and the Euro Stoxx indices remained stable at the start of trading.

Currency Movements

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