Europe opens lower with data in focus

Wednesday, 31. March 2021 09:00

Major European stock indexes started Wednesday's trading session lower as investors focused on today's batch of economic data. The British Office for National Statistics stated that the United Kingdom's GDP rose 1.3% in the final quarter of 2020, while annual house prices were reported to have increased 5.7% in March. Additional reports on inflation, unemployment were expected after the market open.

The FTSE 100 and the CAC 40 both opened flat before the index in London slid into red. B&M European Value Retail S.A. was the worst performer on the FTSE, losing 3.33%, while Michelin dropped 0.58% in France. The DAX lost 0.18% as Linde plc surrendered 0.59%.

The euro and the pound were both unchanged against the greenback at 8:59 am CET, selling for 1.17260 and 1.37530 dollars respectively.

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Author:
Breaking the News / MD