TELETRADER News
2/5/2020, 9:03 AM (Source: TeleTrader)
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Europe declines at open ahead of data

European equities traded below the flat line as the session kicked off on Wednesday, bucking trends in Asia and the US as investors awaited crucial data from Germany, the UK, and the EU.

Traders will be on the lookout for the EU's retails sales as well as the bloc's first and second-largest economies' services PMI figures.

Their decisions are also likely to be guided by earnings. Siemens and BNP Paribas have already posted their quarterly results earlier with no major surprises.

The DAX declined by 0.41%. Manufacturing led the losses with MTU Aero Engines slumping 2.13%. The CAC 40 in Paris started the session by falling 0.27% with Atos as the worst performer losing 0.84%. London's FTSE 100 retreated 0.25% as the session kicked off as Imperial Brands plunged 4.88%.

The pound gained 0.05% on the dollar, buying 1.30407 at 9:03 am ET.

Baha Breaking News (BBN) / GG