7/1, 8:01 AM (Source: TeleTrader)
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Europe lower premarket ahead of EU inflation data

Major European stock indexes were lower in the premarket session on Friday ahead of inflation data in the eurozone scheduled for release later today, with the negative sentiment fueled by rising inflation and fears of recession across the region.

Investors across the bloc awaited reports on the manufacturing sector PMI from the European Union, Germany, and the United Kingdom respectively.

The DAX dropped 0.20% at 8:00 am CET. London's FTSE 100 plunged by 0.99% at the same time, and the CAC 40 sank 0.53%. Italy's FTSE MIB decreased 0.17% at 8:01 am CET.

The euro fell by 0.17% against the dollar, going to $1.04661 at 7:55 am CET. At the same time, the pound lost 0.34% compared to the greenback, selling at $1.21353.

Baha Breaking News (BBN) / AB