12/10/2021, 9:03 AM (Source: TeleTrader)
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Europe opens lower after disappointing data

Major stock markets in Europe opened lower after the newest reports on Britain's trade deficit, gross domestic product (GDP), and industrial production all showed disheartening results. Meanwhile, Germany's inflation reached its highest level so far in 2021. Traders are now turning to speeches several members of the European Central Bank (ECB) will give later in the day on the current state of the continent's economy.

The DAX opened 0.42% lower as Daimler AG plummeted by 17.07%. The FTSE 100 fell by 0.37%, with Scottish Mortgage Investment Trust PLC going down by 1.44%. The CAC 40 declined by 0.64% as Engie SA lost 2.90%.

Both the euro and the pound sterling stood flat against the dollar, selling for $1.12932 and $1.32154, respectively, at 8:58 am CET.

Baha Breaking News (BBN) / JR