Major stock markets in Europe opened lower on Friday after the European Central Bank (ECB) decided to cut its interest rates by 25 basis points yesterday. Investors also digested reports on the house prices in the United Kingdom, German factory orders, and the French trade deficit, which stood at €6.5 in January, while they anticipated the Eurozone's reports on employment change and the gross domestic product.

The DAX declined by 1.05% at the opening bell, with Vonovia falling by 4.7% at 9:00 am CET, while the FTSE 100 slipped by 0.21%, as Rentokil lost 3.32%. At the same time, the CAC 40 dropped by 0.42%, with Teleperformance tumbling by 2.09%, and the Euro Stoxx 50 decreased by 0.46%, as Deutsche Telekom slumped by 2.62% at 9:01 am CET.

The euro gained 0.41% against the dollar and sold for $1.08302 at 8:58 am CET. Meanwhile, the pound was up by 0.21% at 8:59 am CET, selling for $1.29056.