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 earnings reports from both global and regional companies.

Economic Indicators Show Mixed Signals

Before the market opened, Destatis reported a 0.2% decrease in German producer prices for March. Simultaneously, the Swiss Federal Office for Customs and Border Security 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 saw a 0.18% drop, with Hermes International SA leading the losses at a 3.79% decrease. The FTSE 100 and EUROSTOXX 50 followed suit, dropping by 0.54% and 0.31% respectively, with Fresnillo PLC down by 2.8%. In contrast, the DAX rose by 0.21%, buoyed by a significant 10.27% increase in Siemens Energy AG shares.

Currency Markets Update

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