European Markets React to Economic Indicators

On Friday, European stock markets presented a mixed opening, as investors closely analyzed Germany's latest economic reports. Notably, Germany's trade surplus surpassed analysts' expectations, while its industrial output and France's trade deficit, reported at €3.9 billion in December, also drew attention. The markets continue to feel the impact of the Bank of England's recent decision to cut its key interest rates by 25 basis points.

Market Movements and Currency Trends

At the opening bell, the DAX saw a modest increase of 0.13%, with BASF SE leading the charge by growing 7.24% by 9:00 am CET. Conversely, the CAC 40 experienced a slight decline of 0.12%, as L'Oreal dropped by 3.72% at 9:01 am CET. The FTSE 100 and the Euro Stoxx remained flat at the open. Meanwhile, the euro and the pound showed little movement against the dollar, trading at $1.03889 and $1.24427 respectively at 8:58 am CET.