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 batch of earnings reports from both global and regional companies.

Economic Indicators Show Mixed Signals

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

Stock Performance Highlights

At 9:01 am CET, the CAC 40 index dropped by 0.18%, with Hermes International SA leading the losses at a 3.79% decline. Shortly after, the FTSE 100 and EUROSTOXX 50 fell by 0.54% and 0.31% respectively, with Fresnillo PLC shares decreasing by 2.8%. Conversely, the DAX saw a slight increase of 0.21%, with Siemens Energy AG surging by 10.27%.

Currency Markets Reaction

In the currency markets, both the euro and the pound weakened against the dollar by 0.34% and 0.10% respectively, trading at $1.13590 and $1.32274 at 8:59 am CET.