Europe mostly higher premarket amid key data14 Mar 2025 07:05
European stock indexes trended mostly higher during premarket trading on Friday as investors awaited key economic updates from Germany, Spain, and France, which are set to release fresh inflation data. Meanwhile, the UK is expected to publish figures on economic growth, as well as its industrial and manufacturing sectors.
Investors are also digesting earnings reports from major carmakers, including Daimler Truck and BMW. Adding to the mix, President Trump announced a 200% tariff on French and EU wine and champagne exports, retaliating against the EU's 50% tariff on US whisky, though markets appeared to shrug off the news for now.
The DAX traded flat and the FTSE 100 increased by 0.21% at 8:00 am CET. Simultaneously, the CAC 40 gained 0.06%, while the Euro Stoxx 50 jumped by 0.35%.
The euro traded 0.14% lower against the dollar, selling for $1.08378 at 8:00 am CET. At the same time, the pound lost 0.16% compared to the greenback to go for $1.29313.
Baha Breaking News (BBN) / AC
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