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6/23, 7:27 AM (Source: TeleTrader)
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Europe mostly flat premarket ahead of data

Major stock exchanges in Europe were mostly flat in premarket trade on Wednesday as investors awaited manufacturing and services data reports for Germany, the Eurozone and the United Kingdom, due to be published later in the day. Yesterday, European Central Bank (ECB) Executive Board member Isabel Schnabel projected that the euro area inflation will reach its peak at the end of the year, while the European Commission approved Italy's €191.5 billion economic recovery plan.

The DAX and the CAC 40 were flat at 7:21 am CET, while London's FTSE 100 increased by 0.08% at 7:25 am CET.

The euro was 0.19% lower compared to the dollar at 7:26 am CET, trading at 1.19182. The British pound lost 0.16% against the American currency, going for 1.39265 concurrently.

Breaking the News / MS