1/31, 9:02 AM (Source: TeleTrader)
more TeleTrader news

Europe opens with losses as data pours in

European stock exchanges opened the trading session in red on Tuesday after retail sales in Germany contracted further in December owing to rising food and energy prices. The International Monetary Fund's forecast that Britain will experience the weakest economic growth among developed nations this year likely contributed to the gloomy mood. The investors will shift their focus on Eurozone's fourth quarter gross domestic product data slated for release in the coming hours.

The DAX dropped 0.30% and the Euro Stoxx 50 declined 0.11%. as Airbus SE went down by 1.13%. London's FTSE 100 slipped 0.28%. Endeavour Mining was the worst performer, decreasing 1.46%. The CAC 40 fell 0.10%, as Thales SA flipped 1.70%.

The euro and the pound sterling were flat against the American currency to sell at $1.08448 and $1.23539 respectively at 8:57 am CET.

Baha Breaking News (BBN) / AB