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8/19, 9:03 AM (Source: TeleTrader)
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Europe opens with losses after data

European stock exchanges opened the session on Friday with losses, as investors digested data released earlier.

The latest reading of the German producer prices indicated a jump in comparison to the results the year before, with energy prices as the major contributor to the rise. However, the report on the United Kingdom's retail sales improved in July, while the country's consumer confidence fell to a new low in August.

Frankfurt's DAX opened the session, plunging by 0.73%, with Deutsche Bank AG losing 1.98%. The CAC 40 dropped by 0.56% as Unibail-Rodamco-Westfield SE declined by 1.38%. London's FTSE 100 fell by 0.32%, with Compass Group Plc. as its worst performer, dipping by 1.85%.

The euro lost 0.09% against the American dollar, to change hands to $1.00794 at 8:57 am CET. At the same time, the pound sterling plummeted by 0.20% against the greenback, going to $1.019073.

Baha Breaking News (BBN) / AB