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5/4, 8:03 AM (Source: TeleTrader)
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Europe mostly flat premarket with EU-Russia feud in focus

Shares on the major European stock market indexes were mostly unchanged in the premarket trade on Tuesday, as the investors monitored the diplomatic feud between Russia and the European Union. The turmoil mounted as the European Commission's officials summoned Russia's ambassador to the EU to strongly reject Russia's sanctions against eight of Brussels' representatives.

Meanwhile, the traders also digested Federal Reserve Chairman Jerome Powell's remarks from the day before. Powell described the economic outlook as "brightened," while underlining that certain aspects of it are expected to continue to struggle in the period to come.

The DAX and the CAC 40 stood flat at 8:02 am CET, while the FTSE 100 went up by 0.44% a minute later. The euro decreased by 0.23% compared to the dollar, selling for 1.20354 at 8:04 am CET, while the pound slid 0.19%, to go for $1.38832 at the same time.

Breaking the News / BU