8/16, 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 after the United Kingdom's annual inflation came in at 6.8%, going down from the previous month's figure but still remaining far from the target of 2%. Later in the day, the Eurozone will post its latest results in gross domestic product (GDP) and industrial production.

The DAX lost 0.24% at 9:01 am CET as Rheinmetall AG slumped by 1.96% at 9:06 am CET. At that time, the Eurostoxx 50 dropped by 0.34%, with UniCredit S.p.A. going down by 1.90% at 9:03 am CET. The CAC 40 decreased by 0.28% as Worldline SA dipped by 1.22%. The FTSE 100 declined by 0.26%, with Antofagasta PLC sinking by 2.20%.

The euro increased by 0.13% against the dollar at 8:57 am CET to sell for $1.09199. At the same time, the pound sterling grew by 0.16% against the United States currency to go for $1.27258.

Baha Breaking News (BBN) / JR