European markets start lower focusing on EZ data

European markets start lower focusing on EZ data

On Wednesday, European markets started lower because market participants focused on a batch of euro zone economic reports expected to be published early in the trading session, while worries over new American tariffs affected market sentiment.

The EURO STOXX 50 went down 0.09%, Germany’s DAX 30 dipped 0.02%, France’s CAC 40 lost 0.17%.

Financial markets were jittery after on Tuesday Donald Trump approved tariffs on solar cells as well as washing machines imported to the United States.

Research group Markit told that its German manufacturing purchasing managers index headed south to 61.2 in January versus December’s outcome of 63.3, while the services PMI soared to 57.0 from 55.8.

Markit added that in January French manufacturing PMI lost 58.1 from 58.8 in December, while the services PMI inched up from 59.1 to 59.3.

Market particiapnts were still waiting for data on manufacturing as well as service sector activity for the whole euro zone.

FTSE 100 dived 0.26% in London.


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