European Markets on Edge Ahead of Economic Data

As the trading day begins, major European stock exchanges are showing signs of nervousness. The DAX, CAC 40, FTSE 100, and Euro Stoxx 50 all opened lower, reflecting investor caution ahead of a slew of economic data releases.

Key Reports to Watch

Today's agenda is packed with critical economic indicators. Germany, the UK, and the broader Eurozone will release manufacturing activity reports, while Italy will share its retail sales figures. Additionally, preliminary inflation data for the Eurozone in July is highly anticipated.

Currency Movements

In currency markets, the euro saw a slight increase against the dollar, while the pound remained stable. These movements come as traders digest the potential implications of today's data on monetary policy and economic health.