European Markets React to Economic Data

Major European stock markets experienced a mostly lower opening this Wednesday. Investors are closely monitoring the United Kingdom's latest inflation report, which showed a rate of 3.6% in June. Additionally, anticipation builds around Italy's inflation data and trade balance reports from both Italy and the Eurozone.

Focus on EU Sanctions Against Russia

The potential sanctions by the European Union on Russia are also in the spotlight. Kaja Kallas, the EU High Representative for Foreign Affairs and Security Policy, expressed hope for the adoption of these sanctions today.

Market Performances at a Glance

The DAX saw a decline of 0.39% at the opening, with Infineon Tech dropping by 2.55%. The FTSE 100 remained flat, while the CAC 40 slipped by 0.54%, and Stellantis lost 3.46%. The Euro Stoxx 50 dipped by 0.48%, with ASML Holding falling by 5.92%.

Currency Movements

The euro gained 0.23% against the dollar, trading at $1.16273. Meanwhile, the British pound was up by 0.19% compared to the dollar, reaching $1.34086.