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8/23/2022, 9:03 AM (Source: TeleTrader)
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Europe opens lower with dollar, economic data in focus

Major European stock market indexes opened lower on Tuesday ahead of the publication of a new batch of economic data and focused on the latest movements of the euro against the dollar.

The euro continues to trade below the parity level after breaking the line yesterday. At 8:58 am CET, it was down 0.39% against the dollar at $0.99038. The pound sterling edged down 0.37% to sell for $1.17249.

Today, major European economies are awaiting the release of data on manufacturing and services. Market participants also await the report on consumer confidence in the eurozone. All this amid growing concerns about the depth of inflation and the direction the bloc's economy could take.

The DAX lost 0.53% at 9:00 am CET, with Covestro down by 6.83%. The CAC 40 fell 0.70%, while Veolia Environnement decreased by 1.89%. A minute later, the FTSE 100 declined 0.41%, as Fresnillo dropped by 2.46%.

Baha Breaking News (BBN) / JG