4/21/2020, 7:40 AM (Source: TeleTrader)
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Europe lower premarket after WTI market craters

Equities on major European stock markets were lower in premarket on Tuesday after West Texas Intermediate (WTI) crude oil futures for settlement in May dropped below zero yesterday for the first time in history as the global demand decline led to a lack in storage capacities. Investors will await UK employment data, as well as earnings reports from Groupe PSA and Kering. Meanwhile, SAP already posted its quarterly figures.

The DAX lost 1.97% at 7:36 am CET, while London's FTSE 100 decreased by 1.95% at the same time.

The euro was 0.23% lower compared to the dollar at 7:39 am CET, trading for 1.08369. The British pound declined 0.26% against the American currency, going for 1.24048 one minute later.

Baha Breaking the News (BBN) / MS