European Markets Open Lower Amid Economic Data and Earnings Reports

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

Economic Indicators Show Mixed Signals

Before the markets opened, Destatis reported a 0.2% decrease in German producer prices for March. Meanwhile, 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 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 shares decreasing by 2.8%. In contrast, the DAX saw a slight increase of 0.21%, with Siemens Energy AG surging by 10.27%.

Currency Markets Update

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.