Europe opens lower after data, earnings

Wednesday, 27. October 2021 09:02

Major stock markets in Europe opened lower on Wednesday, as investors digested the latest data and quarterly earnings reports. Santander and Deutsche Bank saw revenue increases in the third quarter. Meanwhile, Germany's consumer confidence is set to improve in November, while September import prices rose.

The DAX opened 0.20% in the red, with Infineon falling 1.55%. The FTSE 100 was down by 0.15% at the starting bell, as Admiral Group dropped 5.05%. The CAC 40 began 0.16% lower, with Worldline plummeting 11.63%.

The euro gained 0.11% on the dollar trading for $1.16090 at 9:03 am CET, while the pound increased 0.09% against the American currency to change hands for $1.37794 at the same time.

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