10/25, 7:19 AM (Source: TeleTrader)
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Europe higher premarket ahead of data

Stock exchanges in Europe were in the green in premarket trade on Monday after HSBC reported that its profit after tax soared 110% year on year in the third quarter of 2021, surpassing expectations. Meanwhile, United Kingdom Chancellor of the Exchequer Rishi Sunak will reportedly propose raising the minimum wage during his budget speech on Wednesday. Investors will also monitor Bundesbank's monthly report and German business climate data for October, set for release after the markets open.

The DAX advanced 0.20% and London's FTSE 100 increased by 0.35% at 7:16 am CET. The CAC 40 climbed 0.35% at 6:56 am CET.

The euro was up 0.12% compared to the dollar at 7:17 am CET, trading for 1.16584. The British pound was 0.15% higher against the greenback, changing hands for 1.37807 at the same time.

Breaking the News / MS