Europe opens mixed after World Bank’s prediction

Major stock market indexes in Europe opened mixed on Wednesday as investors’ optimism somewhat faded after the World Bank Group said the global economy was on the route to its worst half-decade of growth in the last 30 years. Additionally, the Eurozone reported a slight decline in its unemployment rate in November.

The DAX grew by 0.10% as Vonovia SE rose by 1.40% at 9:01 am CET. The FTSE 100 dropped by 0.13%, with Sainsbury PLC sinking by 4.19% at 9:02 am CET. Meanwhile, the CAC 40 and the Eurostoxx 50 stood flat.

Both the euro and the pound sterling stood flat against the dollar at 8:58 am CET, selling for $1.09325 and $1.26997, respectively.