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10/3, 7:51 AM (Source: TeleTrader)
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Europe lower premarket with data in focus

Major European stock indexes were below the flatline in the premarket session on Monday, as investors awaited the latest manufacturing data of the euro area, the United Kingdom, and Germany, all set for release after the opening bell.

Meanwhile, geopolitical uncertainty across the region continued to rage following the decision of Russian President Vladimir Putin to declare four Ukrainian territories as part of the Federation, which continued to stir the tensions further. In addition, the energy crisis seemingly drove the negative sentiment in the global markets, with the prices of crude surging by 3% in the overnight trade on supply concerns.

Frankfurt's DAX plunged by 1.43% at 7:48 am CET. At the same time, the CAC 40 slumped by 1.33%, and London's FTSE 100 fell by 0.79%. The euro gained 0.15% against the American currency, going to $0.98162 at 7:49 am CET. The pound sterling rose 0.21% against the greenback, to change hands to $1.11911 a minute later.

Baha Breaking News (BBN) / AB