European Markets React to Economic Indicators

On Thursday, major European stock markets experienced a downturn following the release of significant economic reports. French producer inflation, Spanish consumer inflation, and Swiss GDP figures for the fourth quarter of fiscal 2024 were among the key data points influencing investor sentiment.

Market Performance at Opening Bell

At the opening bell, the DAX fell by 0.96%, with Deutsche Telekom seeing a significant drop of 3.26%. Similarly, the FTSE 100 and CAC 40 also declined, with notable losses from Howden Joinery Group and Publicis Groupe, respectively. The Euro Stoxx 50 wasn't spared, with Stellantis experiencing a notable slump.

Currency Movements

Meanwhile, the euro and the pound remained stable against the dollar, trading at $1.04758 and $1.26673, respectively, as investors awaited further economic indicators from Italy, the euro area, and the United States.