Major European stock indexes traded mostly lower on Friday, during a volatile session, as the traders were seemingly showing concerns over the global economic outlook.
The latest data on consumer confidence in Germany revealed that the index is expected to deteriorate further in September, to a new record low, as "the fear of significantly higher energy costs in the coming months is forcing many households to take precautions and put money aside for future energy bills."
The DAX fell 0.43% at 12:34 pm CET. London's FTSE 100 was flat at the same time, while the CAC 40 decreased 0.37%. At 12:35 pm CET, the euro gained 0.39% against the dollar, selling for 1.00140 and going back over the parity level once again. The pound was flat against the greenback to go for 1.18371 a minute later.
