11/29/2023, 9:00 AM (Source: TeleTrader)
more TeleTrader news

European markets open mixed amid CPI reports

Major European markets opened mixed on Wednesday amid the release of a new batch of economic data. While Spain released its latest inflation report before the opening bell, Germany will do so later in the day.

Also, during the session, German Finance Minister Christian Lindner is due to present the revised budget for 2023, ending the ongoing budgetary stalemate.

The German DAX rose 0.18% at 9:02 am CET, with Zalando SE being the best performer at the open, up 1.97%. At the same time, the French benchmark CAC 40 advanced by 0.08%, while Michelin increased by 1.23%. Conversely, the FTSE 100 declined by 0.40%, as Aviva dropped by 1.62%, and the pan-European Euro Stoxx 50 was flat a minute later.

On the currency front, the euro and the British pound were flat against the dollar at 8:59 am CET, selling for $1.09842 and $1.26969 simultaneously.

Baha Breaking News (BBN) / JG