Europe slides premarket ahead of ECB meeting accounts

Thursday, 21. November 2019 07:51

Shares in Europe traded in the red before the opening bell as investors awaited European Central Bank's policy meeting accounts set to be published later in the day. In business news, German steelmaker Thyssenkrupp missed estimates with a 1% increase in revenue and a further drop in EPS, citing internal restructuring.

On the trade front, the sentiment was cautious, and media reported yesterday that Washington and Beijing are struggling to agree on the details of removing tariffs proportionally and mutually, as a part of a potential trade agreement.

The DAX lost 0.44% in premarket trade. London's FTSE 100 was down 0.34% at 7:49 am CET, while the CAC 40 was 0.27% below the flatline at 7:46 am CET.

Both the euro and the pound were flat against the American dollar, selling for $1.10746 and $1.29260 at 7:51 am CET.

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Breaking the News / NI