3/26, 7:57 AM (Source: TeleTrader)
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European stock markets trade higher premarket

Equities on the major stock exchanges in Europe were higher on Tuesday during premarket trading. Investors were waiting for data on consumer confidence in Germany and the number of issued home loans in the United Kingdom which are set to be released later during the morning. In politics, British MPs voted in favor of the Letwin amendment which will allow Parliament to take control of the Brexit process, reportedly prompting three ministers to resign.

In London, the FTSE 100 was 0.28% higher ahead of the market open, while the German DAX increased 0.32%. At the same time, the CAC 40 was up 0.20% in Paris.

The euro traded almost unchanged, lower just 0.04% to $1.31908 at 7:54 am CET, while the pound fell 0.07% to $1.31908 concurrently. The growing stocks pushed precious metals to slightly depreciate, with gold and palladium falling 0.26% and 0.23% to $1,318.51 and $1,568.39, respectively at 7:55 am CET.

Breaking the News / MD