Europe slightly in the green in premarket trade

Tuesday, 20. August 2019 07:34

European stocks were slightly higher in premarket trade on Tuesday as reports suggested the European Union dismissed demands from London to remove the Irish backstop from the withdrawal agreement between the United Kingdom and the EU. Investors remained focused on global trade and the US-China trade talks after Vice President Mike Pence revealed Washington sees Hong Kong's integrity as a condition for a trade deal with Beijing. Meanwhile, a trade group, that includes major US tech companies, slammed France for introducing "discriminatory" digital tax on US firms.

German producer prices data the EU's construction output figures are due later in the day.

The DAX was 0.07% higher at 7:23 am CET and the FTSE 100 gained 0.06% at 7:22 am CET.

The euro was 0.04% up compared to the dollar at 1.10826 at 7:25 am CET. The pound was flat against the greenback, declining 0.02% to 1.21231 at 7:26 am CET.

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