Europe mostly flat premarket ahead of data

Thursday, 12. August 2021 07:45

European shares were flat to lower during premarket trading on Thursday ahead of a string of economic data reports from the United Kingdom. Traders were awaiting UK's GDP, industrial production and trade balance figures to assess the country's economic recovery from the pandemic.

Meanwhile, earnings season continued, with Deutsche Telekom and RWE the latest to report their respective results. Both companies raised their full-year outlooks as well.

The DAX and the CAC 40 were flat at 7:45 am CET, while the FTSE 100 was down 0.35% at the time. The euro rose 0.05% against the dollar, buying 1.17448.

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Author:
Breaking the News / JC