8/15, 7:28 AM (Source: TeleTrader)
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Europe mixed premarket as recession fears wane

Stocks in Europe traded mixed in the premarket on Thursday after a day of sharp losses ignited by data showing a GDP contraction in Germany and a growth slowdown in the Eurozone, as well as downbeat industrial production data from both the euro area and China. In the United States, the main yield curve inverted briefly for the first time in 12 years as the 30-year yield fell to its all-time low, further exacerbating worries over a possible approaching recession and sending stocks into a selloff.

Retail sales data for the United Kingdom is expected after the trading starts.

The DAX was up by 0.14% at 7:25 am CET. Meanwhile, the FTSE 100 traded 0.49% lower in the premarket. The CAC 40 was flat at 7:37 am CET.

The euro gained 0.09% against the dollar at 7:26 am CET, buying $1.11484. The pound slid 0.06% on the greenback, going for $1.20524.

Breaking the News / NI