Europe opens lower with economy in focus

Thursday, 05. January 2023 09:03

Major stock market indexes in Europe opened lower on Thursday in anticipation of updates on producer prices in the Eurozone and services and manufacturing sectors in Britain. Earlier, Germany reported monthly declines in both imports and exports. Additionally, the day before, the United States Federal Open Market Committee (FOMC) advised against cutting interest rates in 2023.

The DAX traded 0.27% lower at the opening as Beiersdorf AG lost 1.47%. The FTSE 100 decreased by 0.22%, with Prudential PLC sinking by 2.90%. The CAC 40 dropped by 0.47% as Societe Generale SA slumped by 1.43%. The Euro Stoxx 50 went down by 0.18%, with Sanofi SA dwindling by 1.45%.

The euro stood flat against the dollar at 8:58 am CET to sell for $1.06034. A minute later, the pound sterling fell by 0.40% against the greenback to change hands for $1.20100.

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