Europe opens lower with data in focus
European markets opened in the red territory on Tuesday after factory orders in Germany decreased by 3.7% in May, falling short of meeting market expectations. Later in the day, traders will monitor the latest data reports on retail sales in the Eurozone, the construction sector in the United Kingdom, and the economic sentiment in Germany and the euro area.
The DAX was down 0.25% at 9:00 am CET as Delivery Hero contracted by 0.56% and led the losses at 9:01 am CET. London's FTSE 100 was 0.15% lower at 9:00 am CET with wealth management business St. James's Place falling 1.62% a minute later. The CAC 40 declined 0.19% at 9:01 am as Alstom plummeted 7.35% at 9:02 am CET.
The euro was up 0.24% in comparison to the dollar at 8:59 am CET, selling for 1.18910. The British pound advanced 0.38% against the greenback, changing hands for 1.38964 at the same time.