5/19, 7:14 AM (Source: TeleTrader)
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Europe lower premarket after sell-off at Wall Street

Major European stock markets recorded losses during Thursday's premarket trading as the negative sentiment which prompted Wall Street's sell-off yesterday continued to spread.

Concerns among investors rose with soaring inflation across the European Union and upcoming interest rate hikes by central banks. Meanwhile, there were no hints of new peace negotiations between Russia and Ukraine.

The FTSE 100 lost 0.58% at 7:06 am CET, while the DAX declined 0.66% and the CAC 40 lost 0.68%. The euro expanded by 0.36% against the dollar to sell for 1.05010, while the pound rebounded 0.40% to $1.23903.

Baha Breaking News (BBN) / ND