5/25, 7:09 AM (Source: TeleTrader)
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Europe higher premarket amid Davos, Ukraine crisis

Major European indices are trading higher in Wednesday's pre-market session as investors await the release of more economic reports throughout the day and the continuation of the World Economic Forum (WEF) in Davos.

On the military operation in Ukraine Luhansk Oblast Governor Serhiy Haidai noted earlier that the situation in the region is "worse with every hour," noting that Russian troops are advancing to the area in all directions at once. During the day, the market research institute GfK is expected to release the data on consumer confidence in Germany.

The DAX gained 0.95% at 6:52 am CET, while the CAC 40 added 0.85%, and the FTSE 100 rose 0.92%. The euro was down by 0.29% against the dollar at 7:07 am CET, selling for $1.07057. In comparison, the pound was flat to go for $1.25354 at the same time.

Baha Breaking News (BBN) / JG