Europe opens lower with data in focus
Major European stock markets opened lower on Friday as the economic recovery from the crisis caused by the coronavirus pandemic remains in the center of traders' attention. Factory orders in Germany reported a rise, but still performed below expectations. Meanwhile, the United Kingdom is to reveal its July results in the construction sector. Traders are also waiting for a speech that European Central Bank's Philip Lane will deliver later in the day.
The DAX traded 0.74% lower at the opening as the shares of Vonovia SE NA fell by 3.94%. The FTSE 100 lost 0.66% with Barratt Developments PLC declining by 3.04%. The CAC 40 went down by 0.82% as Essilorluxottica dropped by 1.81%.
The euro lost 0.12% against the dollar to sell for $1.18378 at 8:57 am CET. At the same time, the pound sterling slid by 0.09% against the greenback to exchange hands for $1.32690.