Major stock exchanges in Europe traded mixed at the open on Friday as investors digested a new batch of economic data, which showed the United Kingdom's gross domestic product falling 0.1% in October, while the German trade surplus stood at €13.4 billion. In other news, the European Central Bank decided to cut its main interest rates by a quarter of a percentage point, with ECB President Christine Lagarde sharing that the economic growth in the area slowed in the current trimester.
The DAX was up 0.21% at the open, with Siemens Energy up 1.79% at 9:01 am CET. At 9:00 am CET, the CAC 40 declined 0.11% as Hermes International lost 0.57% a minute later. The FTSE 100 and the Euro Stoxx 50 started the session trading flat.
The euro traded 0.07% below the dollar at 8:59 am CET, going for 1.04606. At the same time, the pound lost 0.33% against the greenback, selling at 1.26272.
