Europe opens lower with data in focus

Tuesday, 12. July 2022 09:02

Major stock markets in Europe opened lower on Tuesday ahead of the newest report on economic sentiment in the Eurozone. They also responded to a decline in the markets in the United States at the previous day's closing, which in turn reacted to the expectations regarding the country's inflation. Meanwhile, Ukrainian President Volodymyr Zelensky warned about Russia's alleged plans to fully stop its deliveries of gas to the rest of Europe.

The DAX fell by 0.63% at the opening as Vonovia SE dropped by 2.14%. The FTSE 100 decreased by 0.28%, with Antofagasta PLC dipping by 2.01%. The CAC 40 went down by 0.62% as Unibail-Rodamco-Westfield SE sank by 5.87%.

The euro lost 0.21% to the dollar to sell for $1.00201 at 8:58 am CET. At the same time, the pound sterling declined by 0.24% against the greenback, going for $1.18624.

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Author:
Baha Breaking News (BBN) / JR