Europe lower premarket on recovery worries

Monday, 12. April 2021 08:02

European stock markets were slightly lower in premarket trade on Monday after French Minister of State for European Affairs Clement Beaune said over the weekend that the European Union's €750 billion recovery program should be doubled. In addition, European Central Bank Executive Board member Fabio Panetta urged the bank to take steps to finally reach its 2% inflation target to avoid any potential economic damage in the future.

The DAX decreased by 0.22%, London's FTSE 100 lost 0.24% and the CAC 40 declined 0.09% at at 8:00 am CET.

The euro was 0.09% lower against the dollar at 7:59 am CET, trading at 1.18892. The British pound was 0.13% down compared to the American currency, going for 1.36917 at the same time.

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Breaking the News / MS