1/19, 9:03 AM (Source: TeleTrader)
more TeleTrader news

Europe opens lower after US selloff, inflation reports

Europe's major stock market indexes were in the red as the session started on Wednesday, with the sentiment among traders seemingly impacted by a Wall Street selloff from the previous day.

On the data front, annual consumer price inflation reached 5.4% in the United Kingdom, and 5.3% in Germany in December, while Britain's factory-gate prices moved up by 9.3% in 2021.

The DAX lost 0.88% at 9:03 am CET, with Delivery Hero tumbling 1.79% a minute later. The CAC 40 shed 0.35% at the open as Schneider Electric dipped 1.98% a minute into the session. Meanwhile, in London, the FTSE 100 declined by 0.44% with Ashtead Group surrendering 2.64% at 9:17 am CET.

The euro gained 0.11% compared to the dollar at 8:59 am CET, selling for 1.13301, while the pound stood flat compared to the greenback, at the same time, changing hands at 1.35886.

Baha Breaking News (BBN) / BU