Europe opens lower amid economic updates

Wednesday, 20. October 2021 09:02

Major stock markets in Europe opened lower on Wednesday after the United Kingdom unveiled its worse-than-expected results in consumer and producer prices in September. Meanwhile, Germany reported a staggering annual rise in the prices of energy, natural gas in particular. Traders are still waiting for the latest developments concerning consumer prices in the Eurozone, which will be revealed later in the day.

The DAX declined by 0.27% at the opening as Sartorius AG dipped by 1.49%. The FTSE 100 went down by 0.08%, with Antofagasta PLC plunging by 3.49%. The CAC 40 decreased by 0.45% as Kering AG sank by 3.44%.

The euro stood flat against the dollar at 8:57 am CET to change hands for $1.16393. A minute later, the pound sterling lost 0.09% to the greenback to sell for $1.37829.

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Breaking the News / JR