European stock markets opened lower on Friday, after commodity prices continued to fall and traders re-evaluated the European Central Bank (ECB)'s latest news.
Take-up of the ECB's latest cheap money program, known as TLTROs, met expectations on Thursday, but was still disappointing compared to earlier expectations.
The oil price continued to fall amid concerns about over-supply and slower-than-expected global growth. The price of U.S. crude oil fell below the $60 mark, while Brent crude hit a 5 ½ year low, in Asian trading on Friday.
Mixed economic data for November from China, where industrial production fell below expectations, and retail sales data was slightly higher than expected, also caused concerns about global growth.
European equities are also likely to be hit by the rise in the value of the U.S. dollar, which rose again Thursday after upbeat U.S. economic data.
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