Europe rises premarket with Fed, earnings in focus27 Jul 2023 07:03
European stocks rose in premarket trading on Thursday as investors digested the US Federal Reserve's decision to hike interest rates to the highest level in over 20 years, as well as a multitude of corporate earnings, including reports from ArcelorMittal, Nestle, Roche, BNP Paribas, Volkswagen, Mercedes-Benz and Renault released earlier today. Among other companies set to report before the bell are Shell, TotalEnergies and Barclays. Market watchers also awaited the European Central Bank's (ECB) monetary policy announcement due later in the day.
The Euro Stoxx 50 increased 0.64% at 8:00 am CET, the DAX rose 0.31% and the FTSE 100 climbed 0.22% at the same time..
The euro added 0.06% against the dollar to go for 1.10922 at 7:56 am CET and the pound was up 0.05% compared to the US currency to sell for 1.29481 a minute later.
Baha Breaking News (BBN) / NP