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6/25, 7:29 AM (Source: TeleTrader)
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Europe higher premarket as US hits infrastructure deal

Major European stocks recorded gains in the premarket trading on Friday following the positive sentiment prompted by the news that legislators in the United States reached a $1 trillion bipartisan deal on infrastructure that is expected to be passed in Congress next month.

On the data front, GfK will release its consumer confidence expectations for July and the Bank of England is going to publish its quarterly bulletin report for the second trimester of 2021 later in the day.

The DAX rose 0.22% at 7:27 am CET and the FTSE 100 gained 0.17%. The CAC 40 advanced 0.25% at 7:50 am CET. Both the euro and the pound stood flat against the dollar at 7:28 am CET to sell for 1.19376 and 1.39231, respectively.

Breaking the News / ND