4/25, 8:55 AM (Source: TeleTrader)
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European stocks trade flat premarket on weak earnings

Shares in European markets were flat in Thursday's premarket trading shortly before the opening bell, after a string of European companies reported quarterly financial results. UBS said its earnings per share dropped 26% annually in the first quarter of 2019, while Nokia's fell 33%. Bayer had mixed results. Peugeot's revenue slid 1.1%, as Volvo Cars observed a decline of 21.6% in net income. Barclays reported a 2% decline in income for the first three months of this year. Wirecard, on the other hand, reported significant increases in EPS and revenues.

Meanwhile, the acquisition of Asda by United Kingdom's third-largest retailer Sainsbury's was blocked by the Competition and Markets Authority (CMA).

The DAX, the CAC 40 and the FTSE 100 were all almost unchanged in premarket trade.

The euro and the pound traded flat against the dollar at 8:55 am CET, buying $1.11618 and $1.29071, respectively.

Breaking the News / NI