Market Overview

European stock markets began the day mostly lower, as investors navigated through a mix of corporate earnings, fresh economic data, and cautious optimism regarding the Russia-Ukraine conflict. This comes after a conversation between US and Russian leaders sparked hopes for a potential resolution.

Economic Indicators

Swiss producer and import prices saw a slight increase of 0.1% in January. Meanwhile, Spain is poised to release its final inflation figures for the same month, following an earlier estimate indicating a minor rise from 2.8% to 3%.

Market Movements

At 9:00 am CET, the French CAC 40 showed a modest gain of 0.08%, with Hermes International SA leading the charge with a 4.30% increase. Conversely, the Euro Stoxx 50 and British FTSE 100 experienced declines, with Siemens AG and Bae Systems PLC dropping by 1.54% and 1.52%, respectively. The German DAX also faced a downturn, as Fresen.Med.Care's shares tumbled by 6.80%. The euro and the pound remained stable against the dollar, trading at $1.04647 and $1.25634, respectively, at 8:58 am CET.