Major European indexes opened lower on Friday as investors digested the latest economic data from the United Kingdom, including GDP and trade balance figures. Elsewhere, UBS announced it decided to terminate the 9 billion Swiss franc loss protection agreement and the 100 billion Swiss franc public liquidity backstop guaranteed by the Swiss government when it rescued Credit Suisse in March.
The Euro Stoxx fell 0.57% at 9:00 am CET. Prosus led the losses as its shares slid 2.03%.
The DAX lost 0.43% at 9:03 am CET. The worst performer was Hannover Rueck, down 1.36%.
The CAC 40 declined 0.54% at 9:01 am CET as Stellantis fell 1.69%.
The FTSE 100 was down 0.20% at 9:00 am CET with Spirax-Sarco Engineering dropping 2.84%.
The euro added 0.09% against the dollar to sell for 1.09908 at 9:01 am CET and the pound gained 0.22% compared to the greenback to go for 1.27028 at the same time.
