TELETRADER News
5/27, 9:01 AM (Source: TeleTrader)
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Europe opens lower amid economic uncertainty

Major stock markets in Europe opened lower on Thursday as Germany's consumer confidence for June came in at a worse than expected figure. Traders will keep an eye on several central banks' latest updates on the current state of the economy, still influenced by the COVID-19 pandemic, as well as on the fresh data from the United States, including the one on its first-quarter gross domestic product (GDP).

The DAX opened 0.34% lower as Bayer AG went down by 2.77%. The FTSE 100 declined by 0.20%, with Intertek Group PLC falling by 2.37%. The CAC 40 dropped by 0.18% as Sanofi SA decreased by 0.71%.

The euro stood flat against the dollar to sell for $1.21950 at 8:58 am CET. At the same time, the pound sterling lost 0.07% to the greenback to change hands for $1.41093.

Baha Breaking the News (BBN) / JR