Europe flat-to-lower in premarket amid earnings

Tuesday, 03. August 2021 08:01

Equities in Europe traded in the flat-to-lower territory in the premarket on Tuesday as several major firms revealed their earnings in the second quarter of the year. Standard Chartered PLC observed an annual drop of 20% in its profit. Bayerische Motoren Werke (BMW) AG warned of "a number of prevailing risks" that will result in the company having a "more volatile" third trimester.

Traders will also keep an eye on Stellantis NV and BP PLC's second-quarter earnings reports, as well as on the latest update on producer prices in the Eurozone.

The DAX and the CAC 40 stood flat at 8:00 am CET. At the same time, the FTSE 100 lost 0.12%. The euro stood flat against the dollar at 7:57 am CET, selling for $1.18730. The pound sterling rose by 0.06% against the greenback a minute later, going for $1.38912.

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