Europe lower premarket as data take center stage29 Nov 2024 07:05
European stock indexes edged lower in Friday's premarket session as investors awaited a wave of key economic data. Inflation updates will take the spotlight, with preliminary Consumer Price Index (CPI) figures due from France, Italy, and the European Union, offering insight into November's price trends.
Employment and growth data also will draw attention, with Germany's unemployment rate for November and Switzerland's GDP figures set for release. Additionally, the October Import Price Index for Germany and the UK’s Nationwide Housing Prices for November added to the economic agenda.
At 8:00 am CET, the DAX lost 0.07%. The Euro Stoxx 50 fell 0.20%. Meanwhile, the FTSE 100 dropped 0.15% and the CAC 40 decreased 0.06%.
The euro was up by 0.24% against the dollar at 7:59 am CET, selling for $1.05799. Meanwhile, the pound traded 0.29% higher compared to the US currency going to $1.27247 at the same time.
Baha Breaking News (BBN) / AC
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