Europe lower premarket as earnings, data pile up3 Aug 2023 06:53
Major stock indexes in Europe traded lower in the premarket on Thursday as investors observed the newest batch of corporate earnings and economic prints. ING, Societe Generale, BMW, Adidas and Lufthansa were among some of the companies that revealed their quarterly reports. In data, the focus will be on composite PMIs, Swiss CPI and German trade balance. Meanwhile, the Bank of England will be sharing its interest rate decision later today.
The DAX decreased 0.32% at 8:08 am CET, while the Euro Stoxx 50 fell 0.41% and the FTSE 100 declined 0.45% at the same time. The CAC 40 lost 0.32%.
The euro was down by 0.09% against the dollar at 7:46 am CET, selling for 1.09277. The pound traded 0.08% lower against the greenback and went for 1.269 concurrently.
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