Economic Indicators in Focus

This Friday, major European stock markets opened lower, influenced by the latest economic reports. Germany and Switzerland released their January retail sales data, while France shared updates on its GDP and inflation rate. Additionally, the UK's house price report caught investors' attention, alongside anticipation for inflation reports from Germany and Italy, and Germany's unemployment figures.

Market Movements

The DAX index saw a 0.68% decline at the opening, with Zalando shares dropping by 4.05%. The FTSE 100 wasn't far behind, falling by 0.43%, as Polar Capital Technology Trust shares slipped by 3.04%. The CAC 40 also experienced a downturn, decreasing by 0.63%, with STMicroelectronics shares sliding by 2.88%. The Euro Stoxx 50 wasn't spared, decreasing by 0.89%, with ASML Holding down by 3.52%.

Currency Fluctuations

At 8:58 am CET, the euro remained stable against the dollar, trading at $1.03973. Conversely, the pound saw a slight decrease, down by 0.18% at 8:59 CET, trading at $1.25896.