European Markets Open Lower Amid Economic Data and Earnings Reports

Major European stock markets experienced a downturn at the opening on Thursday, influenced by the release of new economic data and a fresh round of earnings reports from both global and regional companies.

Key Economic Indicators

Prior to the market opening, Destatis reported a 0.2% decrease in German producer prices for March. Additionally, 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.

Market Performance

At 9:01 am CET, the CAC 40 index saw a decline of 0.18%, with Hermes International SA leading the losses, down by 3.79%. Shortly after, the FTSE 100 and EUROSTOXX 50 followed suit, dropping by 0.54% and 0.31% respectively, with Fresnillo PLC decreasing by 2.8%. However, the DAX showed resilience, gaining 0.21% by 9:07 am CET, with Siemens Energy AG soaring by 10.27%.

Currency Markets

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