Europe opens in red amid earnings, key inflation data - Breaking The News
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Europe opens in red amid earnings, key inflation data

EPA-EFE/MAXIMILIAN VON LACHNER

Major European stocks kicked off the last session of the week in negative territory as investors awaited the latest inflation readings scheduled to be published by German, French, and Spanish institutions throughout Friday.

The premarket session also saw another batch of third-quarter corporate earnings, this time from Airbus, Volkswagen, Sanofi, Eni, and NatWest, among many others. Sanofi led France's CAC 40 gainers' table, while on the other hand, Airbus pulled the index down. NatWest dived over 8%, prompting the FTSE 100's sell-off.

The German DAX fell by 0.97%, while London's FTSE 100 plunged by 0.99% and the CAC 40 dropped by 0.78%. The euro stood mostly unchanged against the dollar to sell just below parity at 0.99702 at 9:02 am CET, while the pound declined 0.33% to $1.15244.

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