Europe heads for gains with key data in limelight

Wednesday, 30. November 2022 08:02

European stock exchanges were mostly higher in the premarket trading on Wednesday, with all eyes on the key economic data releases.

In the coming hours, investors will receive data on the euro area's consumer price index (CPI) and unemployment rate in Germany. European Central Bank previously warned that Eurozone is "not done with inflation," underlining that economic uncertainty owing to soaring prices of energy still remains high. Germany revealed the day before its annual inflation came in lower than projected with rising prices of energy and food keeping the figure at 10%.

At 8:00 am CET, the DAX dropped by 0.08%, while London's FTSE 100 and the CAC 40 were up by 0.11% at 0.20% respectively. The euro edged up against the dollar by 0.15%, selling at $1.03418, and the pound sterling was up 0.10% versus the American currency, going to $1.19590 at 7:58 am CET.

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Author:
Baha Breaking News (BBN) / AB