1/17, 9:02 AM (Source: TeleTrader)
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Europe opens mixed amid data releases

European stock exchanges opened Tuesday's trading session mixed following the data release on German inflation that pointed to a moderate decline of consumer prices. However, the Federal Statistical Office underlined that rising energy and food prices continued to drive the elevated inflation rate in Europe's largest economy.

Britain's Office for National Statistics revealed that the country's unemployment rate moved up by 0.2 percentage points from the previous quarter. Investors will continue to track incoming data on economic sentiment in the EU and Germany, while the World Economic Forum takes the stage in Davos.

The DAX and the Euro Stoxx 50 were flat at the opening bell. The FTSE 100 dropped 0.13%, as the Berkeley Group Holdings plc decreased 1.19%. The CAC 40 slipped 0.11% with Engie SA losing 3.30%.

The euro and the pound sterling were up by 0.07% and 0.14% against the dollar, to sell at $1.08272 and $1.22118 respectively at 8:58 am CET.

Baha Breaking News (BBN) / AB