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1/18, 9:06 AM (Source: TeleTrader)
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European markets open lower before data reports

Major European markets opened lower on Tuesday ahead of the latest developments. Minutes before the opening, the UK announced that unemployment in the three months to November stood at 4.1%, slightly better than expected. Earlier, oil prices edged higher, with Brent crude hitting a more than seven-year high. During the day, investors will be waiting for the economic sentiment index and the survey on current conditions data published by the ZEW for Germany and Europe and updates on the COVID-19 and the World Economic Forum.

The DAX fell 0.63% at 9:02 am CET, Delivery Hero was down 1.79%. The FTSE 100 decreased 0.33%, along with Polymetal International, which declined 2.73%, while the CAC 40 edged down 0.45%, with Schneider Electric leading the losses with a 2.00% drop.

The euro was 0.05% lower than the dollar at 8:58 am CET, trading for 1.14006. The British pound was flat against the greenback, changing hands for 1.36463 at the same time.

Baha Breaking News (BBN) / JG