5/17, 9:20 AM (Source: TeleTrader)
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Europe lower in early trade ahead of data

European stock markets continued to slide early on Friday ahead of the fresh batch of economic data due later during the day. Consumer prices and construction output data for the whole European Union will be published hours after the opening bell, as the British low-cost airline EasyJet plc reported an uptick in its earnings or the first half of the fiscal year 2019. Tensions between Washington and Beijing in their ongoing trade dispute continue to simmer, as the Chinese government-affiliated media commented that Beijing will have to retaliate with import tariffs against the US.

The FTSE 100 dropped 0.34% shortly after the opening bell, while the DAX was down 0.74% at 9:18 am CET. Bayerische Motoren Werke AG was the worst performer, losing 5.67% at the same time. The CAC 40 lost 0.29% in value at 9:02 am CET, with Societe Generale SA flop of 1.35%.

The euro was flat to the dollar, changing hands for 1.1180 at 9:15 am CET.

Breaking the News / MA