9/27, 7:23 AM (Source: TeleTrader)
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European stocks rise in premarket trading

Major European indexes increased in premarket trading on Tuesday as stocks looked to recover from the recent selloff caused by recession worries. Amid the plunge of the pound, the Bank of England announced it will "not hesitate" to change interest rates "as necessary" but did not take any immediate action.

The FTSE 100 rose 0.13% at 7:20 am CET, the DAX climbed 0.46% and the CAC 40 was up 0.40% at the same time.

The pound gained 0.76% against the dollar to recover some losses and go for 1.07700 at 7:22 am CET and the euro added 0.96402 compared to the US currency to sell for 0.96391 at the same time.

Baha Breaking News (BBN) / NP