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6/28, 7:33 AM (Source: TeleTrader)
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Europe mostly lower premarket amid G7, NATO summits

European stocks traded mostly lower in the premarket session of Tuesday amid news of Group of Seven (G7) and NATO meetings. Both events come amid renewed condemnation of Russia for its military invasion of Ukraine and the new measures being taken against it.

In that context, yesterday, the G7 leaders called on tougher sanctions against Russia over the military operation while showing renewed interest in reducing Russia's revenues. Besides, Ukrainian President Volodymyr Zelensky warned that an attack on Ukraine from the Moldovan separatist state of Transnistria would be a "global mistake."

The DAX lost 0.18% at 7:29 am CET, while the CAC 40 fell 0.18%, and the FTSE 100 rose 0.09%. The Spanish IBEX 35 was also down by 0.20%. The euro fell by 0.07% against the dollar at 7:31 am CET, selling for $1.05769. In comparison, the pound grew by 0.06% to go for $1.22722 a minute later.

Baha Breaking News (BBN) / JG