TELETRADER News
10/12/2021, 9:00 AM
(Source: TeleTrader)
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.