Europe opens mostly down with data in focus
European stock exchanges opened with losses on Tuesday as investors awaited the data on the consumer confidence in Europe. Meanwhile, traders dissected the latest release of economic reports in Switzerland and Spain.
The downbeat sentiment was likely influenced by the impending vote on the United States debt ceiling, with United States President Joe Biden and House Speaker Kevin McCarthy expected to present their tentative spending deal to the lawmakers this week.
Frankfurt's DAX was flat. The CAC 40 was down by 0.43% with Credit Agricole Group plunging 8.85%. The Euro Stoxx 50 declined 0.12% as Sanofi SA slipped 2.87%. London's FTSE 100 dipped 0.18%, with Abrdn plc decreasing 1.09%.
The euro fell by 0.12% against the dollar, to sell at $1.06951 at 8:57 am CET. At the same time, the pound sterling lost 0.08% compared to the greenback, trading at $1.23461.