Market Overview

Major European stock markets experienced a downturn at the opening on Thursday, influenced by the latest economic data and earnings reports from global and regional companies.

Economic Data Highlights

Before the market opened, Destatis reported a 0.2% decrease in German producer prices for March. Meanwhile, the Swiss Federal Office for Customs and Border Security (FOCBS) highlighted a trade surplus of 13.7 billion Swiss francs in the first quarter of 2025.

Index Performance

By 9:01 am CET, the CAC 40 index had dropped by 0.18%, with Hermes International SA leading the decline at 3.79%. Shortly after, the FTSE 100 and EUROSTOXX 50 fell by 0.54% and 0.31% respectively, with Fresnillo PLC down by 2.8%. In contrast, the DAX showed resilience, gaining 0.21%, with Siemens Energy AG soaring by 10.27%.

Currency Movements

In the currency markets, the euro and the pound weakened against the dollar, trading at $1.13590 and $1.32274 respectively by 8:59 am CET.