Europe declines premarket ahead of GDP data

EPA-EFE/MAXIMILIAN VON LACHNER

Major European stocks posted slight losses ahead of Thursday's session as investors awaited Eurostat's latest data on the performance of the Eurozone's economy in the first quarter of the year. The expansion was seen at 1.2%, slightly under the preliminary figures.

Meanwhile, markets remained mostly focused on the Federal Reserve's upcoming policy meeting on June 13-14, which isn't expected to bring new rate adjustments.

The DAX lost 0.29% at 7:48 am CET, while the CAC 40 fell by 0.25%. The Euro Stoxx 50 declined by 0.31%, and the FTSE 100 slipped by 0.08%. Both the euro and the pound added 0.12% against the dollar at 7:55 am CET to sell for 1.07120 and 1.24526, respectively.

Baha Breaking News (BBN) / ND