5/22, 9:01 AM (Source: TeleTrader)
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Europe opens lower ahead of ECB meeting accounts

European stock markets kicked off lower on Friday ahead of the European Central Bank's monetary policy meeting accounts which is set to be published later in the day. Meanwhile, United Kingdom data came in focus as both consumer confidence and retail sales plunged in the island country. Reviewing the situation, banks across the UK reportedly urged the central bank not to introduce negative interest rates.

The DAX tumbled 1.53% or 174 points at the opening bell pulled by Daimler's 2.42% decline. The FTSE 100 fell 0.59% as the session began, with HSBC Holdings plunging 4.44%. The CAC 40 dropped 1.44% to start the day. ArcelorMittal led the losses, diminishing 1.88%.

The euro lost 0.23% against the dollar to sell for $1.09256 at 9:02 am CET, while the pound concurrently decreased by 0.16% to go for $1.22024.

Breaking the News / ND