Market Overview

European stock markets experienced a mostly lower opening on Friday. Investors are currently balancing a wave of corporate earnings against fresh economic data and cautious optimism regarding a potential resolution to the Russia-Ukraine conflict. This follows a conversation between US and Russian leaders.

Economic Indicators

In economic news, 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 that indicated a slight rise from 2.8% to 3%.

Market Movements

At 9:00 am CET, the French CAC 40 was up by 0.08%, with Hermes International SA leading the charge with a 4.30% increase. Conversely, the Euro Stoxx 50 decreased by 0.18%, with Siemens AG experiencing a 1.54% loss. The British FTSE 100 fell by 0.10%, with Bae Systems PLC dropping 1.52%. The German DAX lost 0.51%, as Fresen.Med.Care tumbled by 6.80%. Both the euro and the pound remained stable against the dollar at 8:58 am CET, trading at $1.04647 and $1.25634, respectively.