Europe lower premarket ahead of inflation data19 May 2021 07:39
Shares on the major European stock market indexes traded in the red in the premarket on Wednesday as the traders anticipated the inflation data from the United Kingdom, set to come out before the start of the session, as well as the report on inflation in the euro area, scheduled for release after the opening bell.
The coronavirus strain, initially uncovered in India, remained in the spotlight as the country logged another record increase in daily deaths attributed to the virus.
The DAX dropped 0.85% at 7:31 am CET, while the FTSE 100 concurrently lost 0.82%.
The euro advanced by 0.10% compared to the dollar at 7:32 am CET, selling for 1.22346, while the pound stood flat versus the greenback at the same time, changing hands at 1.41901.
Breaking the News / BU
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