Europe opens in the red ahead of GDP data

Tuesday, 17. August 2021 09:02

Shares of the major European stock market indices traded lower at the start of the session on Tuesday, as the investors awaited a fresh slew of data including the second-quarter gross domestic product (GDP) figure.

On the COVID front, the traders closely monitored the news regarding the spread of the virus' Delta strain, after New Zealand imposed a nationwide lockdown prompted by a single locally transmitted case.

The DAX dropped 0.35% at 9:02 am CET with Henkel down 1.55% a minute later. The CAC 40 lost 0.38% as the session started as Unibail-Rodamco-Westfield dipped 1.13%. The FTSE 100, in London, slid 0.42% with IAG losing 1.51% at 9:01 am CET. The euro declined 0.15% versus the dollar, selling for 1.17618 at 8:59 am CET, while the pound surrendered 0.32% to the US currency, to change hands at 1.38014 at the same time.

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Breaking the News / BU