European Markets React to ECB's Decision and Economic Indicators

Following the European Central Bank's (ECB) decision to reduce interest rates by 25 basis points, major European stock markets experienced a downturn. Investors also focused on recent economic data, including UK house prices, German factory orders, and the French trade deficit, which was reported at €6.5 billion in January.

Market Performance at Opening

At the opening bell, the DAX fell by 1.05%, while the FTSE 100 saw a slight decrease of 0.21%. Similarly, the CAC 40 and Euro Stoxx 50 dropped by 0.42% and 0.46%, respectively.

Currency Movements

In currency markets, the euro appreciated by 0.41% against the dollar, trading at $1.08302 by 8:58 am CET. The British pound also saw a modest increase of 0.21%, reaching $1.29056 by 8:59 am CET.

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