Europe up premarket ahead of economic data

Friday, 23. October 2020 07:38

European shares traded higher premarket on Friday ahead of the economic data that is to be released throughout the day. The European Union, Germany, and the United Kingdom will release their preliminary reports on manufacturing and services in October, with the latter also revealing its results in retail sales. Meanwhile, Daimler and Renault reported their revenues in the third quarter of 2020 dropped in comparison to the same period last year, but still expressed optimism for the future.

The DAX rose by 0.35% at 7:37 am CET. At the same time, the FTSE 100 advanced by 0.30%, while the CAC 40 went up by 0.31%.

The euro lost 0.15% to the dollar to sell for $1.18000 at 7:27 am CET. At the same moment, the pound sterling declined by 0.19% against the greenback to change hands for $1.30577.

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Breaking the News / JR