11/28/2022, 9:02 AM (Source: TeleTrader)
more TeleTrader news

Europe lower at open amid economic woes

Major stock indexes in Europe opened in the red on Monday as the most recent unrest, related to the COVID-19 outbreak in the world's second-largest economy, China, rattled the global markets, raising concerns that even stricter lockdown measures might ensue.

Meanwhile, the week will be marked by numerous economic data reports, with some of the most notable ones being the Eurozone and German CPI readings, alongside the euro area consumer confidence index.

The DAX declined 0.45% at the opening bell, as Brenntag plummeted 8.24% at 9:03 am CET. The CAC 40 lost 0.49% at 9:00 am CET, with Airbus tumbling 2.71% a minute later. The FTSE 100 dipped 0.80% at the open, as Persimmon slid 3.27% at 9:01 am CET.

The euro was down 0.32% against the dollar at 8:59 am CET, selling for 1.03762. The pound traded 0.23% lower versus the greenback, going for 1.20693 simultaneously.

Baha Breaking News (BBN) / AY