3/20, 7:19 AM (Source: TeleTrader)
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Europe lower premarket after Credit Suisse takeover

Major European stock indexes were lower in the premarket session on Monday, as investors analyzed the effects of the ongoing banking crisis which includes Swiss financial giant Credit Suisse, as well as last week's monetary decision of the European Central Bank that boosted the interest rate by 50 basis points. The day will see the release of the latest updates on producer prices in Germany and the Buba Monthly Report for the country, as well as the January trade balance for the Eurozone.

Frankfurt's DAX went down 0.33% at 6:50 am CET, while the Euro Stoxx 50 decreased by 0.45%, and the CAC 40 dropped 0.49% at the same time. London's FTSE declined by 0.33% concurrently.

The euro traded 0.08% higher against the dollar at 7:14 am CET to change hands for 1.06741, while the pound sterling was flat against the greenback, to sell at 1.21832.

Baha Breaking News (BBN) / MX