Major stock market indexes in Europe opened mostly lower on Friday after France reported a higher-than-expected annual inflation rate. Meanwhile, the United Kingdom posted a decline in its gross domestic product (GDP) in May, the expansion of its trade deficit, and a drop in industrial production.
The DAX slid by 0.60% or 146 points as Adidas AG went down by 1.65% at 9:07 am CET. The CAC 40 dropped by 0.36%, with Kering SA slumping by 2.96% at 9:07 am CET. The Euro Stoxx 50 fell by 0.37% as Stellantis NV succumbed by 2.30% at 9:07 am CET. The FTSE 100 stood flat.
The euro declined by 0.21% against the dollar at 8:58 am CET to sell for $1.16750. A minute later, the pound sterling lost 0.34% to the United States currency to change hands for $1.35330.
