9/14/2022, 9:01 AM (Source: TeleTrader)
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Europe lower at open on CPI reports

Major stock indexes in Europe opened the Wednesday session in the red, as investors digested the latest batch of Consumer Price Index (CPI) reports. Although United Kingdom's inflation came in cooler-than-expected, the negative sentiment persisted as the United States figure, which was above markets' expectations, raised concerns over the Federal Reserve taking a more aggressive stance at their upcoming meetings.

The DAX declined 0.47% at the opening bell, with Zalando down 1.45% at 9:01 am CET. The CAC 40 dipped 0.54% at 9:01 am CET, with Legrand dragging the index down by 2.76% a minute later. The FTSE 100 fell 0.36% at the open, as Abrdn tumbled 2.68% at 9:01 am CET. The euro was flat against the dollar at 8:59 am CET, selling for 0.99657. The pound was 0.07% down versus the greenback, going for 1.14843 at the same time.

Baha Breaking News (BBN) / AY