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5/13, 7:49 AM (Source: TeleTrader)
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Europe lower premarket after Wall Street's plunge

Shares on the major stock market indexes in Europe traded in the red in the premarket on Thursday, as the investors digested the Wall Steet's struggles from the day prior.

US shares ended the session with sharp losses with the sentiment seemingly backed by worse-than-expected inflation data and a record-high budget deficit.

The DAX lost 0.75% at 7:48 am CET, while the FTSE 100 slid 0.85% at the same time. In Paris, the CAC 40 was concurrently down by 0.73%. Both the euro and the pound stood flat versus the dollar, selling for 1.20765 and 1.40604 at 7:49 am CET, respectively.

Breaking the News / BU