Europe up in premarket ahead of data

Thursday, 01. December 2022 07:09

Equities in Europe traded higher in the premarket on Thursday ahead of another series of data that was to be released throughout the day, including the reports on the unemployment rate in the Eurozone, and manufacturing in Germany, the euro area, and the United Kingdom.

The day before, Federal Reserve Chair Jerome Powell signalized the United States' central bank could slow the pace of raising interest rates at its next meeting in December.

The DAX traded 1.37% higher at 6:58 am ET. At the same time, the FTSE 100 rose by 0.52%. The CAC 40 gained 0.84%. The euro advanced by 0.35% against the dollar at 7:05 am CET to sell for $1.04439. At that minute, the pound sterling grew by 0.37% against the greenback, changing hands for $1.21007.

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Author:
Baha Breaking News (BBN) / JR