Europe opens mostly flat after German PPI data

Friday, 20. September 2019 09:02

Major European stock markets were mostly flat at the opening bell on Friday, after data from Germany showed a lower-than-expected annual increase in producer prices and a monthly decline of 0.5%. Meanwhile, uncertainties related to Brexit and trade continued. Although European Commission President Jean-Claude Juncker said he believes a Brexit deal is possible, no tangible progress in talks with London has been revealed. In the United States, deputy-level talks with China are held in Washington DC.

The DAX and the CAC 40 was flat at 9:03 am CET, as London's FTSE 100 decreased 0.37%.

The pound grew 0.37% compared to the dollar at 9:04 am CET to go for €1.25704. The euro advanced 0.18% against the greenback at the same time, buying $1.10606.

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