European Markets Open Lower Amid ECB Anticipation

European markets experienced a downturn at Wednesday's opening, as investors eagerly await the European Central Bank's interest rate decision. Expectations are set for a potential 25 basis-point rate cut, sparking widespread speculation.

Inflation Figures Take Center Stage

Today's focus also shifts to the latest inflation data from the European Union and Italy. Notably, 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.

Market Performances Highlighted

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%, impacted by Prosus's significant 2.85% plummet. France's CAC 40 dipped 0.82%, largely due to Publicis's 2.86% drop, while the FTSE 100 decreased by 0.20%, with Diploma losing 2.73%.

Currency Movements

In currency news, 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.