Europe opens lower with inflation data coming up

Tuesday, 19. July 2022 09:02

Shares on European markets were in the negative territory at the open on Tuesday in anticipation of the final Eurozone inflation report for June. Earlier in the day, United Kingdom data showed that the unemployment rate from March to May 2022 was 3.8%, 0.1 percentage points lower compared to the previous quarter. UK Chancellor of the Exchequer Nadhim Zahawi is expected to deliver a speech later in the day and put emphasis on fighting inflation, as candidates to lead the British government from September continue to take part in the Conservative Party election process.

The DAX contracted by 0.59% at 9:02 am CET as HelloFresh fell by 2.49% and led the losses at 9:03 am CET. London's FTSE 100 was 0.66% down at 9:00 am CET with its worst performer Antofagasta losing 2.17% at 9:01 am CET. The CAC 40 declined 0.93% at 9:00 am CET. Alstom dropped 2.62% at 9:01 am CET.

The euro was 0.25% higher compared to the dollar, selling at 1.01682 at 9:00 am CET. The British pound rose by 0.10% against the greenback, going for 1.19639 at the same time.

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Author:
Baha Breaking News (BBN) / MS