Europe lower in premarket amid UBS earnings7 Nov 2023 06:50
Major European stock exchanges traded lower in the premarket on Tuesday following UBS' earnings, as the investment bank announced its net loss in the third quarter of fiscal 2023 stood at $785 million.
Meanwhile, on the data front today, investors will be looking at the Swiss unemployment rate, German industrial production, the United Kingdom's house prices, and Eurozone producer prices.
The DAX fell 0.27% at 7:42 am CET, while the Euro Stoxx 50 lost 0.33% and the FTSE 100 declined 0.16% at the same time. The CAC 40 decreased 0.47% simultaneously. The euro was down by 0.14% against the dollar at 7:44 am CET, selling for 1.07045. The pound was 0.15% below the greenback and went for 1.23259 concurrently.
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