Europe opens mostly lower amid economic data, uncertainty

Friday, 24. September 2021 09:03

Major stock markets in Europe opened mostly lower on Friday amid somewhat volatile economic circumstances fueled by the COVID-19 pandemic and the potential effects of the Evergrande Group's financial collapse. Meanwhile, British Transport Secretary Grant Shapps said the United Kingdom is not facing a shortage of fuel. European Central Bank (ECB) President Christine Lagarde warned of the possible instability in the prices of the derivate. Traders are now waiting for the newest report on Germany's business climate.

The DAX decreased by 0.53% at the opening as Adidas AG lost 3.53%. The CAC 40 went down by 0.35%, with Moet Hennessy Louis Vuitton (LVMH) SE falling by 1.39%. Meanwhile, the FTSE 100 stood flat.

Both the euro and the pound sterling stood flat against the dollar at 8:56 am CET, selling for $1.17349 and $1.37211, respectively.

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