Market Overview

European markets experienced a downturn at Wednesday's opening, with investors closely monitoring the upcoming European Central Bank's interest rate decision. Market expectations are set on a potential 25 basis-point rate cut.

Inflation Figures in Focus

Today's spotlight also shines on the latest inflation data from the European Union and Italy. The United Kingdom has already reported a decrease in annual inflation to 2.6% in March, down from February's 2.8%, and below market forecasts.

Performance Highlights

Germany's DAX saw a 0.50% drop at the open, with Daimler Truck leading the losses at 2.37%. The Euro Stoxx 50 fell by 1.05%, with Prosus experiencing a significant 2.85% decline. France's CAC 40 dipped 0.82%, impacted by Publicis's 2.86% drop, while the UK's FTSE 100 decreased by 0.20%, with Diploma down by 2.73%.

Currency Movements

The euro strengthened by 0.75% against the dollar, trading at 1.13654, and the pound gained 0.24% against the dollar, reaching 1.32629.