Europe opens flat to lower as data reports come in
Stock markets in Europe opened in the red on Friday after a fresh batch of data releases from the United Kingdom. The country’s industrial production grew by 1% in November compared to the previous month, while its GDP increased by 0.9%. The UK’s trade deficit widened to £9.3 billion in the three months to November. Investors will be looking at the trade balance report for the European Union after the opening bell.
The DAX opened 0.79% lower, as HelloFresh SE dropped 3.68%. The CAC 40 was flat, while the FTSE 100 declined by 0.39% at 9:02 am CET, led by B&M, which lost 3.02%.
The euro traded 0.13% higher compared to the dollar, going for 1.14673 at 9:05 am CET. The pound gained 0.21% against the dollar and sold for 1.37316.
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