Europe mostly lower premarket amid inflation, Ukraine26 Sep 2022 07:28
Major European markets traded mostly lower in Monday's pre-market session amid heightened concerns about inflation, the war in Ukraine, and their potential second-round effects.
Earlier, it was known that the right-wing coalition led by Giorgia Meloni and her party, Brothers of Italy, had come out on top in the Italian general election.
The DAX lost 0.75% at 7:10 am CET, while the CAC 40 fell 0.82%, and the FTSE 100 rose 0.13%.
The euro was down by 0.61% against the dollar at 7:22 am CET, selling for $0.96297. In comparison, the pound lost 2.67% to go for $1.05692 simultaneously.
Baha Breaking News (BBN) / JG
Happy Monday y’al