Europe higher premarket ahead of ECB's updates

Thursday, 26. November 2020 07:51

Equities in Europe traded higher in the premarket on Thursday ahead of the updates on the current economic situation, heavily affected by the coronavirus pandemic, by several members of the European Central Bank (ECB). Germany will also see the results of the latest survey on consumer confidence in the country. Meanwhile, France stated it would spend €1.6 billion monthly to aid businesses affected by the pandemic, while the United Kingdom said it would invest £280 billion in the economic rebound.

The DAX traded 0.19% higher at 7:48 am CET, while at the same time, the FTSE 100 advanced by 0.13%, and the CAC 40 went up by 0.17%.

The euro gained 0.11% against the dollar to sell for $1.19366 at 7:50 am CET. Meanwhile, the pound sterling stood flat against the United States' currency to exchange hands for $1.33928 at 7:51 am CET.

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Breaking the News / JR