Economic Indicators in Focus

As the European trading session commenced, major stock markets experienced a downturn. This shift in momentum comes in the wake of recent economic reports from Germany, Switzerland, and France, detailing retail sales, GDP, and inflation rates. Additionally, the United Kingdom's house price report has captured investors' attention, alongside anticipation for upcoming inflation and unemployment reports from Germany and Italy.

Market Movements

Notably, the DAX index saw a 0.68% decline, with Zalando shares dropping by 4.05%. The FTSE 100 wasn't spared, falling by 0.43%, and the CAC 40 decreased by 0.63%. The Euro Stoxx 50 also faced a downturn, decreasing by 0.89%, with ASML Holding shares down by 3.52%.

Currency Fluctuations

In currency markets, the euro remained stable against the dollar, trading at $1.03973, while the pound experienced a slight decline, trading at $1.25896, down by 0.18%.