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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe open: Shares lower as investors eye data dump, Q1 earnings

(Sharecast News) - European shares opened marginally lower on Monday as investors awaited the start of the latest earnings season and another dump of economic data.

The pan-regional Stoxx 600 index was down 0.02% at 506.45 in early morning trade, with major bourses mixed. Investors are eyeing a wide range of economic data this week, including a European Central Bank's interest rate decision on Thursday and CPI numbers from the US.

In economic news, German industrial production rose more than expected in February due to the performance of the construction industry.

Industrial production rose by 2.1% compared to the previous month and a forecast rise of 0.3%.

On the commodities front, Brent crude prices fell to just under $90 a barrel as Israel withdrew more troops from Southern Gaza.

In equity news shares in Zalando were higher after Citigroup upped its rating on the German online fashion retailer to 'buy' from 'neutral'.

Entain shares also gained on a report private equity outfit Apollo was mulling a break-up bid for the troubled gambling firm.

Reporting by Frank Prenesti for Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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