Europe mostly higher premarket with economy in focus
Shares in Europe traded mostly higher in the premarket on Wednesday ahead of several updates that will indicate the current economic outlook amid the coronavirus pandemic. European Central Bank President Christine Lagarde is set to give a speech later in the day. Earlier, German Finance Minister Olav Scholz and his French counterpart Bruno Le Maire both expressed optimism about the first half of 2021. Meanwhile, the European Union will see its results in industrial production in November.
The DAX stood flat at 7:20 am CET. At the same time, the FTSE 100 increased by 0.12%, and the CAC 40 advanced by 0.20%.
The euro went up by 0.09% against the dollar, selling for $1.22170 at 7:27 am CET. A minute later, the pound sterling rose by 0.10% against the greenback to change hands for $1.36788.
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