12/5/2023, 9:01 AM (Source: TeleTrader)
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Europe opens mixed with economy at center stage

Major stock market indexes in Europe opened mixed on Tuesday ahead of the newest reports on services and manufacturing sectors in Germany, the United Kingdom, and the Eurozone, and producer prices in the latter bloc. The Old Continent also felt the effects from across the pond as the United States Federal Reserve seemed to backtrack on pauses in monetary policy tightening.

The DAX and the Eurostoxx 50 stood flat at the opening. Meanwhile, the FTSE 100 declined by 0.48% as Barclays PLC plunged by 3.86% at 9:02 am CET. The CAC 40 went down by 0.12%, with Alstom SA declining by 1.27% at 9:02 am CET.

The euro lost 0.25% to the dollar at 8:58 am CET to sell for $1.08067. A minute later, the pound sterling fell by 0.19% against the greenback to go for $1.26072.

Baha Breaking News (BBN) / JR