European markets open lower amid data, earnings
Major European stock markets opened lower on Thursday amid the publication of a new batch of economic data and fresh earnings reports from world and regional companies.
Before the opening, Destatis announced that German producer prices decreased 0.2% in March. Besides, the Swiss Federal Office for Customs and Border Security (FOCBS) said the country's trade surplus stood at 13.7 billion Swiss francs in the first quarter of 2025.
At 9:01 am CET, the CAC 40 index fell by 0.18%, with Hermes International SA, the worst performer, down 3.79%. Two minutes later, the FTSE 100 was down by 0.54%, and the EUROSTOXX 50 fell by 0.31%. In both indices, Fresnillo PLC decreased by 2.8%. Finally, at 9:07 am CET, the DAX was up by 0.21%, and Siemens Energy AG rose by 10.27%.
In currency markets, the euro and the pound were down by 0.34% and 0.10% against the dollar at 8:59 am CET, selling for $1.13590 and $1.32274, respectively.