1/30, 9:02 AM (Source: TeleTrader)
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Europe opens lower with focus on Germany's GDP

European stock exchanges opened the trading session lower on Monday as investors await the publication of Germany's gross domestic product (GDP) report in the fourth quarter and the EU consumer confidence report.

The DAX opened 0.42% lower, with Zalando down 1.73%. The FTSE 100 dropped by 0.52% as the worst performer Frasers Group fell 2.20%. The CAC 40 dropped by 0.61%, as Airbus SE decreased 1.32%. The Euro Stoxx 50 lost 0.71%, with Prosus NV leading the losses at 4.40%.

The euro went down by 0.06% against the dollar to sell for $1.08585 at 8:58 am CET. At the same time, the pound sterling lost 0.07% to the greenback to change hands for $1.23821.

Baha Breaking News (BBN) / KB