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10/13, 9:03 AM (Source: TeleTrader)
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Europe opens mostly lower amid new data releases

Major stock markets in Europe opened lower on Wednesday after the latest reports on the United Kingdom's gross domestic product (GDP), trade deficit, and industrial production all showed either mild or negative results. In the meantime, Germany saw a monthly rise of 4.1% in consumer prices. Later in the day, the European Union will unveil the details of its performance in industrial production in August.

The DAX stood flat at the opening. Meanwhile, the FTSE 100 lost 0.35% as Informa PLC declined by 3.84%. The CAC 40 decreased by 0.13%, with STMicroelectronics NV going down by 2.02%.

The euro rose by 0.19% against the dollar to sell for $1.15513 at 8:59 am CET. A minute later, the pound sterling advanced by 0.20% against the greenback to go for $1.36162.

Breaking the News / JR