European Stock Markets Open Lower Amid Economic Reports

On Thursday, major European stock markets experienced a downturn following the release of key economic reports. French producer inflation, Spanish consumer inflation, and Swiss GDP figures for the fourth quarter of fiscal 2024 were among the data that influenced market sentiment. Investors are also keenly awaiting further reports on consumer confidence in Italy and the euro area, as well as the GDP report from the United States.

Market Reactions: The DAX saw a decline of 0.96% at the opening, with Deutsche Telekom shares slipping by 3.26%. The FTSE 100 dropped by 0.11%, impacted by Howden Joinery Group's 5.37% loss. Similarly, the CAC 40 fell by 0.49%, with Publicis Groupe shares down by 2.90%. The Euro Stoxx 50 decreased by 0.97%, with Stellantis shares slumping by 2.02%.

Currency Movements: The euro and the pound remained stable against the dollar, trading at $1.04758 and $1.26673, respectively, at 8:59 am CET.