Europe lower premarket ahead of data, leaders' summit17 Feb 2023 06:43
Major stock indexes in Europe traded below the flatline in Friday's premarket session, as traders await the monthly retail sales update from the United Kingdom and the latest report on producer prices in Germany, while Mercedes-Benz and Allianz already posted their earnings results. The day will also be marked by the beginning of the Munich Security Conference which will see world leaders discuss various topics, including the energy crisis, digital security, transatlantic defense, and the Ukrainian conflict.
The DAX dropped 0.69% at 7:23 am CET, while London's FTSE 100 decreased by 0.31%. At the same time, the CAC 40 traded 0.57% lower and the Euro Stoxx 50 plunged 0.76%.
Euro lost 0.36% against the dollar at 7:34 am CET to go for 1.06356, while the British pound declined 0.46% versus the American currency to sell for 1.19379 concurrently.
Baha Breaking News (BBN) / MX
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