6/2, 7:42 AM (Source: TeleTrader)
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Europe higher premarket as US debt limit woes cool

Major stock exchanges in Europe ticked higher in the premarket on Friday as the United States Senate put an end to the debt ceiling drama, passing the bill, which now only awaits US President Joe Biden's signature. Meanwhile, investors also digested the latest inflation digits coming from the Eurozone.

The DAX added 0.55% at 7:40 am CET, while the CAC 40 increased 0.48% and the FTSE 100 gained 0.39% at the same time. The Euro Stoxx 50 rose 0.56% simultaneously.

The euro and the pound both stood flat against the dollar at 7:42 am CET, selling for 1.07692 and 1.25363 respectively.

Baha Breaking News (BBN) / AY