Europe opens mostly lower after German data

Monday, 20. January 2020 09:02

Equities on European markets opened mostly lower after German national statistical office Destatis reported on Monday that producer prices in the country declined by 0.2% in December. Meanwhile, the German flag carrier Lufthansa AG sealed a strategic partnership deal with Google Cloud.

United Kingdom Prime Minister Boris Johnson will not be present at the World Economic Forum that kicks off tomorrow in Davos, Switzerland, and instead will meet African leaders in London later in the day.

The DAX was 0.14% lower at 9:00 am CET as Lufthansa led the losses, decreasing by 0.92% at 9:05 am CET.

London's FTSE 100 was flat at 9:00 am CET. BAE Systems plc jumped 2.98% at 9:01 am CET.

The CAC 40 lost 0.14% at 9:00 am CET. Legrand was the worst performer as it dropped 1.25% at 9:01 CET.

The euro was flat compared to the dollar at 9:06 am CET, trading at 1.10930. The British pound lost 0.29% against the American currency, going for 1.29777 at the same time.

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