3/23, 7:21 AM (Source: TeleTrader)
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Europe lower premarket after Fed hikes rates

Major European stock indexes traded below the flatline in the premarket on Thursday, following the United States Federal Reserve's decision to increase interest rates by 25 basis points, as investors analyze the move and Fed Chair's Jerome Powell predictions about future hikes. The Bank of England is set to unveil its own monetary policy call today, while European Commission will release consumer confidence estimates in the afternoon.

The DAX went down 0.23% at 7:04 am CET, while the CAC 40 decreased by 0.44%. At the same time, London's FTSE 100 dropped by 0.37%, and Euro Stoxx 50 lost 0.39%.

The euro traded 0.50% above the dollar at 7:19 am CET to change hands for 1.09093, and the pound gained 0.47% against the American currency to sell at 1.23260.

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