Major European markets opened lower on Thursday amid the release of a new batch of economic data and after the latest decision by the US Federal Reserve.
Yesterday, the US central bank decided to maintain its official interest rate while hinting that there will be no rate cuts this year. In addition, the bloc's investors are looking ahead to the release of the regional industrial production report. The G7 summit in Bari, Italy, also starts today.
At 9:03 am CET, the French benchmark CAC 40 fell 0.15%, while Renault decreased by 0.95%. The FTSE 100 declined by 0.23%, as Intermediate Capital dropped by 3.57%. One minute later, the pan-European Euro Stoxx 50 decreased by 0.13%, and the German DAX lost 0.30%. In both indexes, Volkswagen VZO dipped the most, declining by 1.73%.
The euro was flat against the dollar at 8:58 am CET, selling for $1.08026. In comparison, the pound was down by 0.17% to go for $1.27764 at the same time.
