Europe opens lower ahead of BoE, Carney speech

Thursday, 03. August 2017 09:04

Markets in Europe opened slightly in the red Thursday as investors switched their focus towards Bank of England's interest rate decision due for release later in the day. BoE's Governor Mark Carney is also expected to give a speech after the monetary policy decision is announced. Meanwhile, market watchers continued to digest a string of corporate earnings that were released before the markets opened, including BMW, Deutsche Telekom, Siemens, UniCredit, Credit Agricole and Axa. Another set of corporate results is due for release before Wall Street starts a new trading session later today. 

German DAX ticked 0.40% lower at the open. Deutsche Telekom was the second best, gaining 1.71% during early trade after reporting strong corporate results. 

In London, the FTSE 100 started a day of trading, shedding 0.23%.

France's CAC 40 lost 0.26% at the start of the session.The main advancer was AXA  increasing 0.81% after it reported its revenue rose by 0.5%. 

Euro flirted along the flatline against the US dollar, edging down 0.02% to sell for 1.1853 at 9:07 am CET while the British pound rose 0.09% against the European currency to trade for 1.1164 at 9:08 am CET and gained 0.10% against the greenback, changing hands for 1.2324 at the same time. 

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