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 Results

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) highlighted a trade surplus of 13.7 billion Swiss francs in the first quarter of 2025.

Market Performance Highlights

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 experiencing a 2.8% decrease. In contrast, the DAX showed resilience, gaining 0.21%, buoyed by a 10.27% rise in Siemens Energy AG.

Currency Markets Reaction

In the currency markets, the euro and pound weakened against the dollar, trading at $1.13590 and $1.32274 respectively, marking decreases of 0.34% and 0.10%.