Europe down in premarket with economy, Ukraine in focus1 Mar 2022 07:07
Equities in Europe traded lower in the premarket on Tuesday ahead of the reports on Germany, the European Union, and the United Kingdom's manufacturing sector. Britain will also reveal its latest performance in mortgage approvals. Later in the day, European Central Bank (ECB) President Christine Lagarde will deliver a speech on the current economic situation.
In the field of politics, the crisis concerning the clashes in Ukraine continued, with many countries and alliances imposing sanctions on Russia over its invasion. Spanish Prime Minister Pedro Sanchez threatened the EU will keep its measures active until Moscow withdraws its troops. His British counterpart Boris Johnson remarked his country and its allies will "continue to bring maximum pressure to bear" on Russia.
The DAX traded 0.27% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.21%. The CAC 40 dropped by 0.52%.
The euro stood flat against the dollar to sell for $1.12084 at 8:01 am CET. On the other hand, the pound sterling gained 0.09% to the greenback to go for $1.34246.
Baha Breaking the News (BBN) / JR
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