5/18, 7:10 AM (Source: TeleTrader)
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Europe mostly higher premarket ahead of UK CPI data

Shares on the major stock market indices in Europe traded mostly in the green on Wednesday, as the investors anticipated the United Kingdom's latest inflation figure.

The investors digested the latest remarks by United States Federal Reserve Chair Jerome Powell, who underlined the central bank's resolve to keep increasing interest rates until the stability of consumer prices has been ensured.

The DAX rose by 0.16% at 7:06 am CET, while the CAC 40 added 0.14% at the same time. Meanwhile, the FTSE 100 stood flat. The euro and the pound slid 0.13% and 0.07% compared to the dollar at 7:10 am CET, selling for 1.05358 and 1.24842, respectively.

Baha Breaking News (BBN) / BU