Market Overview

European stock markets experienced a downturn at the opening on Thursday, as traders and investors closely analyzed the latest economic indicators from the United Kingdom and France. This comes alongside the release of quarterly earnings reports from major corporations such as Deutsche Telekom, Siemens, and Allianz.

Stock Performance

By 9:00 am CET, notable declines were observed across major indices: the German DAX dropped by 0.43%, the CAC 40 by 0.47%, and the FTSE 100 by 0.83%. The Euro Stoxx 50 also saw a decrease of 0.54% shortly after opening.

Currency Movements

On the currency markets, the euro appreciated by 0.46% against the dollar, trading at $1.12262, while the British pound gained 0.31%, reaching $1.33028.

More updates to follow as the trading day progresses...