Europe higher premarket with data in limelight18 Nov 2022 06:14
Major European stock indexes traded above the flatline in premarket on Friday seemingly drawing optimism from the latest remarks by the European Central Bank that hinted inflation will likely fall back in 2023, after the annual inflation rate in the region came in at 10.6%.
The consumer confidence in Britain slightly recovered in November, however still remained near the historic low, while investors anticipated data on the UK's retails sales set for release before the opening bell.
Frankfurt's DAX increased by 0.31% at 6:35 am CET. At the same time, the CAC 40 and London's FTSE 100 rose by 0.38% and 0.17% respectively.
The euro was flat against the dollar, to change hands to $1.03666 at 6:52 am CET. However, the pound sterling gained 0.29% against the American currency, to sell at $1.18997.
Baha Breaking News (BBN) / AB
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