1/28, 9:03 AM (Source: TeleTrader)
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Europe opens mostly lower ahead of data

Major stock markets in Europe opened mostly lower on Friday ahead of the release of the reports on Germany's gross domestic product (GDP) and the Eurozone's business climate and consumer confidence. Meanwhile, French Economy Minister Bruno Le Maire praised the growth of the country's GDP of 7% in 2021 amid the ongoing COVID-19 as "spectacular."

The DAX traded 0.75% lower at the opening as Henkel AG plummeted by 7.42%. The FTSE 100 fell by 0.21%, with Phoenix Group Holdings PLC sinking by 4.40%. On the other hand, the CAC 40 went up by 0.29% as LVMH Moet Hennessy Louis Vuitton advanced by 3.63%.

The euro stood flat against the dollar at 8:58 am CET to sell for $1.11377. At the same time, the pound sterling gained 0.07% to the greenback to go for $1.33900.

Baha Breaking the News (BBN) / JR