Europe lower premarket ahead of data, c-banks' input

Monday, 16. May 2022 07:01

Shares on the major European stock market indexes traded with losses in the premarket on Monday, with the traders awaiting economic reports scheduled for later during the day.

Eurostat is scheduled to release a report on the Eurozone's trade balance, while both Germany's and the United Kingdom's central banks will come out with more reports on their respective forecasts in regard to the economy and possibly monetary policy shifts.

The DAX was 0.26% in the red at 6:57 am CET, while the CAC 40 and the FTSE 100 declined by 0.44% and 0.33% at the same time, respectively. The euro and the pound lost 0.08% and 0.17% compared to the dollar at 7:07 am CET, selling for 1.04022 and 1.22424, in that order.

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