Europe mostly flat in premarket ahead of Nato, G7 meetings21 Mar 2022 07:08
Major indexes in Europe traded mostly flat in the premarket of Monday ahead of the release of Germany's producer price index and amid the continued escalation of the Ukraine crisis.
Early in the morning, the British Defense Ministry said Russian forces stalled 25 kilometers from the center of Kiev. It was also announced that United States President Joe Biden would travel to Poland for talks with his Polish counterpart, President Andrzej Duda. Yesterday, Johnson vowed to "advance Ukraine's interests" ahead of this week's Nato and G7 meetings.
The DAX and the CAC traded flat at 8:01 am CET, while the FTSE 100 rose 0.07% two minutes later. The euro was down by 0.13% against the dollar at 7:58 am CET, selling for $1.10371. In comparison, the pound lost 0.22% to go for $1.31502 at the same time.
Baha Breaking the News (BBN) / JGA
Happy Monday y’al