Bourses in Europe opened lower, EUR on the rise

FXstreet.com (Edinburgh) -Equities in the main European bourses opened in the red territory on Thursday, following the grim tone from their Asian peers. Markets seem to be ignoring the positive GDP data from France, Germany and the EMU on Wednesday – with the latter emerging from 18-month recession – focusing on the US calendar later on the day. The DAX is the worst performer so far, down 0.47%, followed by the IBEX35, 0.33% and the FTSE100, 0.28%. After a bull run to the area of 1.3310, the EUR/USD is now easing some ground and trading back to the 1.3280/85 region ahead of a packed US docket.

A negative session in Wall St. on Wednesday left the door open for a continuation of the trend in the Asian markets, where the Nikkei225 retreated sharply 2.12%, followed by the Shanghai, 0.87% and the Hang Seng, 0.17%.