Europe jumps premarket amid US, Asian stock selloff

Tuesday, 14. May 2019 08:55

European markets were higher minutes before the start of the Tuesday trading session, amid global stock selloff and the escalation of the trade conflict between the United States and China. Market watchers expect the data on the United Kingdom's unemployment rate for the first quarter of 2019, while the German consumer price index was published earlier in the day. German-based corporations ThyssenKrupp AG and Allianz SE also presented their earnings reports before the trading session kick-off.

The German DAX rose 0.44% and the French CAC 40 gained 0.72% shortly before the opening bell. At the same time, British FTSE 100 traded 0.44% in the green.

The euro was up 0.17% against the US dollar, trading for 1.1234 at 8:54 CET, while sterling lost 0.04% against the greenback, changing hands for 1.2952.

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Breaking the News / MA