Europe mostly down premarket with data in focus

European markets were mostly down in premarket trading on Friday after disappointing big tech earnings from across the Atlantic after Alphabet, Amazon and Apple all reported worse-than-expected results. Today, investors are anticipating services PMI figures and the producer prices data from the Eurozone, as well as Sanofi earnings and the latest jobs report from the United States.

The Euro Stoxx 50 decreased 0.12% at 7:28 am CET, the DAX was down 0.11% and the CAC 40 fell 0.14% at the same time, while the FTSE 100 traded flat.

The euro declined 0.19% against the dollar to go for 1.08938 at 7:29 am CET and the pound lost 0.17% compared to the US currency to sell for 1.22171 at the same time.

Baha Breaking News (BBN) / NP