Europe rises in premarket ahead of data

Wednesday, 01. December 2021 07:41

Equities in Europe traded higher in the premarket on Wednesday ahead of the release of several economic updates during the day. Germany, the Eurozone, and the United Kingdom will all reveal their latest results in manufacturing. Britain will also reveal its newest nationwide housing prices. Additionally, Germany will unveil its performance in retail sales.

Earlier, the UK stated it plans to offer all adults the booster dose of vaccines against COVID-19 by the end of January. Meanwhile, the United States White House labeled the newly found variant of the virus, Omicron, a cause of concern but not panic.

The DAX gained 1.25% at 7:36 am CET. At the same time, the FTSE 100 advanced by 1.12%. The CAC 40 expanded by 1.34%. The euro lost 0.06% to the dollar to sell for $1.13352 at 7:37 am CET. On the other hand, the pound sterling went up by 0.20% against the greenback to go for $1.33280.

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Baha Breaking the News (BBN) / JR