European Markets Open Lower Amid ECB and Inflation Focus

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

Inflation Figures Stir Market Reactions

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 expectations.

Key Market Performances

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

Currency Movements

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