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10/12, 9:00 AM (Source: TeleTrader)
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European shares open lower with data in focus

Major stock markets in Europe started Tuesday's trading session lower amid inflation-related concerns. Investors were on the lookout for today's batch of economic data. The unemployment rate reached 4.5% in the United Kingdom. Meanwhile, in business, Societe Generale reported that it will cut almost 4,000 jobs by 2025.

The FTSE 100 was down 1.12% at the opening bell with Rio Tinto plc losing 2.70%. The DAX lost 1.15% as Airbus SE tumbled 2.12%. The CAC 40 decreased 1.14%. Unibail-Rodamco-Westfield SE was the worst participant on the index, sliding 1.94%.

The euro rose 0.15% against the dollar at 8:59 am CET, selling for $1.15688. The pound was flat at the same time to go for $1.36058.

Baha Breaking the News (BBN) / MD