Europe higher in premarket ahead of data
Major European stock markets traded higher in the premarket on Monday ahead of economic data that is to be released later in the day. The European Union, the United Kingdom, and Germany are all expected to reveal their preliminary reports on manufacturing and services in November. Meanwhile, the European Central Bank’s (ECB) Philip Lane promised the bank would keep its Pandemic Emergency Purchase Program (PEPP) active as long as the output is disrupted due to COVID-19.
The DAX traded 0.40% higher at 7:40 am CET, while, at the same time, the FTSE 100 rose by 0.25% and the CAC 40 advanced by 0.44%.
The euro gained 0.15% to the dollar to sell for $1.18760 at 7:30 am CET. The pound sterling went up by 0.21% against the United States’ currency to exchange hands for $1.33217 at 7:31 am CET.
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