Europe opens lower with US inflation data in focus

Thursday, 14. July 2022 09:02

European stock exchanges opened below the flatline on Thursday following the news that the United States of America's inflation hit a 41-year high in June. During the day, investors will pay attention to the European Union's economic growth forecast for this year and the next one, while waiting for the results of the second round of voting in the United Kingdom.

London's FTSE 100 fell by 0.02% at the opening, with the index noting a further decrease and falling by 0.27% at 09:07 am CET as Admiral Group dropped by 1.57%. CAC 40 decreased by 0.33% at 09:01 am CET, with Pernod Ricard going down by 0.80%. The German index DAX went down by 0.10% at 09:04 am CET, with BASF SE NA dipping by 2.36%.

The euro lost 0.47% to the dollar to sell for $1.00096 at 09:06 am CET. At the same time, the pound sterling declined by 0.249% against the greenback, going for $1.18320.

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Author:
Baha Breaking News (BBN) / MM