European Markets Open Lower Amid Economic Reports

Major European stock markets experienced a downturn at Friday's opening, following the release of pivotal economic reports from Germany, Switzerland, and France. Investors are closely monitoring these developments, alongside anticipated inflation reports from Germany and Italy, and Germany's unemployment report.

German and Swiss Retail Sales in Focus

Reports on German and Swiss retail sales for January have come under scrutiny, providing insights into consumer spending trends in these key economies. Additionally, France's GDP and inflation rate reports have added to the economic data investors are digesting.

UK House Prices and Currency Movements

The United Kingdom's report on house prices has also been a point of interest, with the pound experiencing a slight decline against the dollar. The euro remained flat, reflecting the cautious stance of investors amidst these economic indicators.

Market Reactions

The DAX, FTSE 100, CAC 40, and Euro Stoxx 50 all opened lower, with notable declines in shares of Zalando, Polar Capital Technology Trust, STMicroelectronics, and ASML Holding. These movements underscore the market's sensitivity to the latest economic data and reports.