European stocks dip at open, Eurozone GDP eyed

The European stocks kicked-off the final trading day of the week on a weaker footing, with the region’s indices snapping previous strong gains and turn negative amid increased nervousness ahead of the crucial economic data due for release in the day ahead.

In opening trades, Germany's DAX 30 index drops -0.22% to 10,718, while the UK's FTSE 100 index drops -0.05% to 6,910. Among the other indices, the French CAC 40 index trades modestly flat at 4,507, while the pan-European Euro Stoxx 50 index increases +0.09% to 3,048.

Markets digest a slew of economic news from Germany, with the GDP having expanded 0.4% in Q2, a slowdown from the 0.7% growth before. Consumer-price inflation in Germany hit 0.4% on a yearly basis in July, as expected, and an uptick from the 0.3% level in June. 

Focus now remains on the Eurozone GDP and industrial production data amid a string of corporate earnings reports from Europe due out this Friday.