TELETRADER News
8/3/2022, 9:03 AM (Source: TeleTrader)
more TeleTrader news

Europe mostly lower ahead of manufacturing, service data

Major European stock market indexes opened mostly lower on Wednesday as Germany posted significantly higher data on the trade surplus, and investors are poised to receive the latest updates on manufacturing and service data from the eurozone.

Earlier, German Destatis said the trade surplus in the country hit €6.4 billion in June, rising from a €0.8 billion surplus recorded in May. Before that, Commerzbank posted its second-quarter 2022 revenue rose 30% to €2.4 billion, while Bayerische Motoren Werke AG stated its revenue for Q2 increased 21.6% to €34.8B YoY.

The DAX lost 0.24% at 9:01 am CET, with Zalando SE down by 3.19%. The CAC 40 was flat a minute later, while Axa improved by 5.66%, and the FTSE 100 declined 0.34% at 9:32 am CET, as ITV dropped by 2.48%.

The euro was down by 0.12% at 8:57 am CET, selling for $1.01560. In comparison, the pound was flat a minute later to go for $1.21652.

Baha Breaking News (BBN) / JG