2/23, 7:32 AM (Source: TeleTrader)
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Europe up in premarket ahead of inflation data

Shares on the major stock market indexes in Europe traded above the flatline in the premarket on Tuesday as investors anticipated data regarding the unemployment rate in the United Kingdom, set for release before the session's start, as well as the inflation data for the euro area, scheduled to go out after the opening bell.

The traders will also keep an eye on the latest developments regarding the COVID relief bill in the United States, as well as the testimony of Federal Reserve Chair Jerome Powell before the US Congress.

The DAX increased by 0.22% at 7:30 am CET, while the FTSE 100 concurrently gained 0.38%. In Paris, the CAC 40 moved up by 0.13% at 8:00 am CET. The euro advanced by 0.11% compared to the dollar, selling for 1.21656 at 7:31 am CET, while the pound stood flat versus the greenback, changing hands at 1.40674 at the same time.

Breaking the News / BU