Europe lower premarket amid Ukraine, economic data22 Aug 2022 07:36
Major European stock markets traded lower in the premarket session of Monday ahead of fresh economic data and amid updates on the Ukraine crisis.
Market participants expect today the release of the Bundesbank Monthly Report, which can hint at the state of the German economy, particularly its monetary policy and financial issues. During this week, investors will also receive data on manufacturing, GDP, and consumer confidence of some of the major European countries. About the war, Ukrainian President Volodymyr Zelensky said that introducing a trial for prisoners of war in Mariupol would lead Kiev to halt any further talks with Moscow.
The DAX lost 0.29% at 7:19 am CET, while the CAC 40 fell 0.25%, and the FTSE 100 declined 0.21%. The Spanish IBEX35 followed the trend edging down by 0.33%.
The euro and the pound were flat against the dollar at 7:29 am CET, selling for $1.00367 and $1.18317.
Baha Breaking News (BBN) / JG
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