5/12, 9:03 AM (Source: TeleTrader)
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Europe opens mixed amid data, earnings

Major stock markets in Europe opened mixed on Wednesday amid a slew of released data and earnings reports.

The United Kingdom reported a 2.1% rise in its GDP, above analyst expectations, as well as a 1.8% rise in its industrial production output. Total trade deficit figures for the UK were also released before the bell, showing a £8.4 billion decrease. Meanwhile, Germany posted a 2% increase in its inflation rate for April. On the business front, Bayer, RWE, Allianz and Deutsche Telekom all released their first-quarter earnings reports. Traders are still waiting for the EU's update on its industrial production set to be released later in the day.

The DAX opened in the green with a 0.16% rise, with Delivery Hero and Bayer leading the gains. The FTSE 100 opened flat while the CAC 40 lost 0.2% as Unibail-Rodamco-Westfield decreased by 1.87%. The euro fell 0.17% against the dollar to sell for $1.21304 at 9:08 am CET. At the same time, the pound sterling fell by 0.03% against the greenback, changing hands for $1.41368.

Breaking the News / MJ