Europe higher premarket amid earnings season

Friday, 27. January 2023 07:12

Major European stock markets traded higher in the pre-market session on the last day of the week and amid the latest financial reports of key European companies.

Yesterday, after the close, French luxury goods company LVMH Moet Hennessy Louis Vuitton said its revenue in 2022 amounted to €79.2 billion, surging 23%. On the other side, investors today await the speech of the European Central Bank (ECB) President Christine Lagarde at the official unveiling of the new memorial plaque in Frankfurt.

The DAX gained 0.27% at 7:03 am CET, the CAC 40 added 0.06%, and the FTSE 100 rose 0.18%. At the same time, the Euro Stoxx 50 inched up 0.27%. The euro was down by 0.19% against the dollar at 7:10 am CET, selling for $1.08719. In comparison, the pound lost 0.28% to go for $1.23798 simultaneously.

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