Europe opens lower after German PPI report

Monday, 21. November 2022 09:01

Major stock market indexes in Europe opened lower on Monday after the newest report on Germany's producer prices showed an annual rise of 34.5% in October. Later in the week, the Old Continent will see another batch of economic updates, including those on consumer confidence in the Eurozone, services and manufacturing sectors in the euro area, Britain, and Germany, as well as on the latter country's gross domestic product (GDP).

The DAX opened 0.20% lower as Puma SE fell by 1.36%. The FTSE 100 declined by 0.29%, with Halma PLC plunging by 2.65%. The CAC 40 decreased by 0.28% as Teleperformance SE dipped by 1.60%.

The euro lost 0.71% to the dollar to sell for $1.02521 at 8:58 am CET. At the same time, the pound sterling went down by 0.55% against the greenback to change hands for $1.18183.

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Author:
Baha Breaking News (BBN) / JR