European stock markets were deeper in the red in the afternoon trade following the latest data reports coming from the United Kingdom and the United States. The British economy recorded slightly higher growth than predicted in the second quarter compared to the first, with its industrial production up 1.8% in July. The US producer prices saw a bigger increase than forecast, up 0.3% in July on a monthly basis.
The DAX fell by 1.07% at 3:03 pm CET, the CAC 40 lost 1.43% a minute later, the FTSE 100 was down by 1.39%, and the Euro Stoxx 50 dropped 1.52%.
The euro was flat against the dollar at 3:05 pm CET, going for 1.09785, while the pound traded 0.21% higher compared to the dollar and sold for 1.27021.
