Europe opens lower ahead of US inflation report

Thursday, 13. October 2022 09:01

European stock indexes opened lower on Thursday as markets braced for the September inflation report in the United States. In Germany, inflation was confirmed at 10% for September, gaining 1.9% on a monthly basis.

The FTSE 100 fell by 0.25% at 9:00 am CET, as Taylor Wimpey PLC plunged 5.75%. The DAX lost 0.49% at the same time, with Infineon Tech AG dropping 1.43%. The CAC 40 declined by 0.25%, led by Credit Agricole SA, which was down by 0.91%.

The euro traded 0.15% lower against the dollar, going for 0.96894 at 9:02 am CET, while the pound lost 0.33% compared to the dollar and sold for 1.10636 at the same time.

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