Europe higher in premarket ahead of data.16 Dec 2019 06:47
Stocks in Europe pointed to a higher open to kick off the week on Monday as investors digested the latest news from around the continent and braced for a fresh batch of economic data.
Market participants will be on the lookout for the latest economic data, including preliminary composite PMI figures for the UK, EU and the EU's largest economy, Germany.
In politics, following the UK Conservative Party's sweeping victory in last week's election, which has made Brexit more certain than ever, Britain is now faced with a new potential crisis, with Scotland reiterating its intention to try and break free from the Kingdom. Reacting to Prime Minister Boris Johnson's earlier remarks, Scottish First Minister Nicola Sturgeon called Johnson out over the weekend, saying that the island's northernmost constituent country cannot be held in the union against its will.
The DAX jumped 0.44% at 7:34 am CET. The CAC 40 followed suit, advancing 0.29% at 7:35 am CET, while the FTSE 100 gained 0.53% a minute later.
The pound rose 0.33% against the greenback, buying 1.33884 at 7:36 am CET, while the euro climbed 0.19% versus the dollar, selling for 1.11380 at 7:27 am CET.
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