5/24, 9:02 AM (Source: TeleTrader)
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Europe opens lower with economy in focus

Major stock market indexes in Europe opened lower on Wednesday ahead of the latest update on the business climate in Germany. Earlier, it was revealed that the United Kingdom's annual inflation improved in April compared to March but still failed to match analysts' expectations.

The DAX declined by 0.89% or 143 points as Rheinmetall AG lost by 3.24%. The FTSE 100 dropped by 0.26%, with Persimmon PLC sinking by 4.28% at 9:02 am CET. The CAC 40 decreased by 0.98% as Unibail-Rodamco-Westfield SE dipped by 3.14%. The Euro Stoxx 50 went down by 0.33%, with Vonovia SE falling by 2.77%.

The euro grew by 0.08% against the dollar at 8:58 am CET to sell for $1.07786. A minute later, the pound sterling rose by 0.29% against the United States currency to go for $1.24485.

Baha Breaking News (BBN) / JR