European stocks open lower as data weighs on sentiment; UK food prices fall

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European markets opened lower as investors digested gloomy economic data from the region.

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Food price inflation cooled to 9.9% from 11.5%, and on a monthly basis prices dipped 0.1% — the first month-on-month decline in over two years. The U.S. investment bank describes the company as a "market leader" of sorts and expects it to benefit from a "more competitive landscape."Many stocks have become "a bit cheaper" and investors could get good returns, according to Ted Alexander, chief investment officer of BML Funds.

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