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Stocks in Europe open lower

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By Minipip
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Stocks in Europe open lower

As markets open today, it is doubtful that a trading report from ASOS would help the online retailer's collapsing share price.

Sales decreased by 18% in the six months ending March 3rd, but this was to be expected considering the continued pressures of rising living expenses and the revival of high street shopping.

The FTSE 100 index has opened 0.3% lower this morning, following a negative close from the US. The Dow Jones finished yesterday's trading session down 0.4%, while the S&P 500 and Nasdaq all saw 0.3% declines.

There might not be much to influence UK blue chips in today's opening trades given the lack of macroeconomic news.

After a recent heated confrontation with M&S over the two companies' joint venture, investors are hoping for calm when Ocado releases its trade update in the near future.

With their annual reports, owners of Ladbrokes, Flutter Entertainment, and William Hill, 888 Holdings, demonstrate the current status of the gaming sector.

(Sources: investing.com, proactiveinvestors.co.uk)


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