12/2/2021, 7:10 AM (Source: TeleTrader)
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Europe lower in premarket with virus, data in focus

Equities on the major stock markets in Europe traded with losses in the premarket on Thursday as the investors monitored the developments related to the ongoing wave of COVID-19 infections. While Germany's incoming Chancellor Olaf Scholz was in favor of introducing mandatory vaccinations, the incumbent head of the government, Angela Merkel, expressed a different opinion.

On the data front, the traders anticipated reports on the producer prices in the Eurozone, as well as the latest update on the unemployment in the bloc.

The DAX plunged 1.17% at 7:09 am CET, while the CAC 40 tumbled 1.24% at the same time. Meanwhile, in London, the FTSE 100 dropped 1.08%. The euro and the pound advanced by 0.1% and 0.18% compared to the dollar, selling for 1.13226 and 1.32882 at 7:11 am CET, respectively.

Baha Breaking the News (BBN) / BU