Europe opens mixed following data
Major stock markets in Europe opened mixed on Friday, as traders analyzed the economic reports coming in from the United Kingdom and Germany. The latest data showed that July retail sales were down in the UK, as the country’s consumer confidence for August slipped. In Germany, the producer prices increased higher than expected in July. Meanwhile, the first antibody cocktail treatment has been approved in the UK and AstraZeneca stated its new drug reduces the risk of symptomatic COVID significantly.
The DAX opened 0.15% in the red, with Volkswagen dropping 1.79%. The FTSE 100 began 0.11% higher led by Anglo American plc increasing 1.39%. The CAC 40 was flat at the start.
The euro stood flat against the dollar trading for $1.16795 at 9:02 am CET, while the pound decreased 0.14% against the American currency going for $1.36193 at the same time.
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