European stocks lower premarket as earnings pour in19 Oct 2023 07:10
European stocks traded lower on Thursday premarket as companies in the area continued to release their latest earnings reports.
Before the opening, Renault released its third-quarter earnings report, saying that revenue rose by 7.6% to €10.5 billion. Meanwhile, F. Hoffmann-La Roche AG's sales decreased by 6% to 44.1B Swiss francs in the nine months to September.
The DAX lost 0.44% at 8:07 am CET, the CAC 40 fell 0.50%, and the FTSE 100 declined 0.48%. The pan-European Euro Stoxx 50 inched down 0.77%.
At the same time, the euro was down by 0.07% against the dollar, selling for $1.05292, and the pound lost 0.22% to go for $1.21143.
Baha Breaking News (BBN) / JG