Europe opens in red after UK GDP data
European stock markets kicked off lower on Friday, following the same trend as its United States counterparts the day before. With the Dow Jones dropping more than 1,800 points, Thursday’s session marked the worst Wall Street selloff since March. On the same note, the United Kingdom’s monthly GDP dropped by a record 20.4% in April compared to the previous month.
The DAX lost 0.95% at 9:03 as MTU Aero Engines led the losses. At the same time, the CAC 40 slid 0.97% as Societe Generale suffered the most with a 2.41% decline. In London, the FTSE 100 fell 0.49% with Centrica PLC as the worst performer.
The euro advanced 0.06% against the dollar at 8:58 am CET, changing hands for 1.13040, as the pound decreased 0.19% versus the US currency at the same time, buying 1.25770.
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