Major stock exchanges in Europe traded mixed at the open on Monday as investors digested the latest economic reports, including the Swiss unemployment rate, as well as German industrial production and trade balance. Later this week, the European Central Bank will be deciding on what to do with its interest rates.
The DAX grew 0.12% at the beginning of the session, with Continental up 1.17% at 9:01 am CET. The Euro Stoxx 50 lost 0.10% at the open, as Banco Bilbao Vizcaya Argentaria tumbled 3% at 9:02 am CET. At 9:00 am CET, the CAC 40 slipped 0.14%, with Cie Generale des Etablissements Michelin down 1.33% a minute later. The FTSE 100 opened the session trading flat.
Both the euro and the pound stood flat against the dollar at 8:59 am CET, going for 1.08346 and 1.26319 respectively.
