Major European stock markets opened lower on Tuesday as investors monitored rising tensions in the Middle East and their effects on the economy. Investors also digested yesterday’s German report on factory orders, which showed a decline of 5.8%.
The DAX decreased by 0.74% at the opening bell, with Bayer AG losing 1.95%, while the FTSE 100 fell by 0.35%, as Prudential PLC declined by 5.91%. At the same time, the CAC 40 dropped by 1.26% and the Euro Stoxx 50 slipped by 1.15%, as Kering SA was down by 6.27% on both indexes.
The euro gained 0.09% against the dollar, selling for $ 1.09850 at 8:58 am CET. Meanwhile, the pound sterling was down by 0.13% compared to the dollar and sold for $0.84008 at 8:59 am CET.
