Europe lower in premarket on rates decision, earnings

Friday, 29. October 2021 07:35

Major European stock markets were lower in premarket trade on Friday, after mixed earnings reports from Daimler and BNP Paribas and following the European Central Bank's decision to leave interest rates unchanged. German GDP, United Kingdom mortgage approvals and European Union GDP and inflation data releases are expected later in the day.

Meanwhile, the United Kingdom confirmed the removal of all countries from the red list for international travel and also summoned the French ambassador over the detainment of a British ship.

The DAX and FTSE 100 were 0.46% and 0.40% in the red respectively at 7:26 am CET. The CAC 40 was down 0.42% at 8:00 am CET. The euro was down 0.07% against the greenback at 7:29am while the British pound was flat, changing hands for 1.16722 and 1.37942 respectively.

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