European stock exchanges were mixed at the opening bell on Thursday with investors digesting the latest data which showed that Germany's economy entered a technical recession in the opening quarter of this year, with households around the country cutting down on its spending owing to high inflation and elevated interest rates.
The market uncertainty was seemingly fueled by the lack of agreement on the United States debt ceiling, which led Fitch Ratings to put the country's credit rating on negative watch.
Frankfurt's DAX added 0.12%, as Rheinmetall AG grew 1.09%. The Euro Stoxx 50 rose 0.30%, with ASML Holding NV jumping 4.33%. The CAC 40 was flat. The FTSE 100 dipped 0.14% as Coca-Cola HBC AG lost 4.04%.
The euro and the pound fell 0.17% and 0.09% respectively against the greenback, to sell at $1.07305 and $1.23540 at 9:00 am CET.
