European Markets React to Economic Indicators

On Thursday, the European stock markets experienced a mostly downward trend, influenced by the latest consumer confidence report in the Eurozone, which did not meet market expectations. The European Central Bank (ECB) also contributed to the market's cautious stance by avoiding a definitive outlook on inflation and future interest rate decisions.

Market Performance Highlights

The DAX index fell by 1.13%, with Zalando SE seeing a significant drop of 4.05%. Similarly, the CAC 40 decreased by 0.66%, with Stellantis NV experiencing a sharp decline of 5.62%. The Euro Stoxx 50 wasn't spared, dropping by 1.16%, as Ferrari S.p.A. plummeted by 7.91%. In contrast, the FTSE 100 managed a slight increase of 0.23%, buoyed by Rolls-Royce Holdings PLC's impressive 15.18% surge, ahead of a key meeting between British Prime Minister Sir Keir Starmer and US President Donald Trump.

Currency Movements

In the currency markets, the euro weakened by 0.78% against the US dollar, while the pound sterling fell by 0.42%, trading at $1.04046 and $1.26209, respectively, at 5:28 pm CET.