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4/18, 8:03 AM (Source: TeleTrader)
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Europe lower in premarket ahead of economic data

European stock markets traded lower in Thursday's premarket as investors anticipate a fresh set of economic data due for release later today, a day before the start of the Easter holiday. German producer inflation numbers came in before the opening bell, while German and Eurozone PMI data are set to be released after markets open for trading. Meanwhile, British and the United States retail sales data is also expected later today.

On the earnings front, Nestle and Unilever reported their quarterly results earlier, while US companies Schlumberger, Philip Morris International and Blackstone Group are set to post their numbers before Wall Street opens for trading.

The FTSE 100 was trading 0.32% lower in premarket, while the DAX lost 0.36% before the opening bell. Meanwhile, the CAC 40 was down 0.28% at the same time. The euro was little changed against the dollar, gaining just 0.04% to sell for 1.1299 at 7:59 am CET, while the pound also added 0.04% versus the greenback to go for 1.3047 at the same time.

Breaking the News / FH