Europe's premarket lower amid political, corporate news25 Feb 2025 07:06
Major European stock indexes traded lower in the premarket session on Tuesday as investors still assess political shifts in Germany. On Monday, it was known of a potential coalition with CDU leader Friedrich Merz stating he would engage with the SPD to form a government by Easter. Attention is still drifting to EU leaders' discussions in Kiev as well as France's and US leaders' meeting in Washington.
Meanwhile, corporate news influenced sentiment, with Telefonica announcing it sold its Argentine unit for $1.245 billion to Telecom Argentina, aligning with its strategy to reduce Latin American exposure. Also, investors are awaiting Germany’s GDP data.
At 8:00 am CET, the FTSE 100 lost 0.17%. The Euro Stoxx 50 fell by 0.34%. The DAX decreased 0.13%. The CAC 40 dropped 0.27%. The euro traded 0.11% higher than the dollar at 7:58 am CE, going for 1.04765. Simultaneously, the pound increased 0.06% against the greenback, going for 1.26306.
Baha Breaking News (BBN) / AC