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7/3, 7:31 AM (Source: TeleTrader)
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European markets lower premarket ahead of data

Shares on major European stock markets traded lower in the premarket ahead of the PMI reports for the continent's leading economies. European Commission President Ursula von der Leyen stated that the crisis caused by the coronavirus pandemic calls for a quick agreement on the relief package and the United Kingdom government decided to ditch the quarantine measures for visitors from some countries. Meanwhile, in Germany, the scandal around Wirecard AG continued to unfold as the company's debt was put up for auction.

The DAX lost 0.15% at 7:30 am CET, while the FTSE 100 declined 0.10%. The CAC 40 slid 0.37% at 7:25 am CET.

The euro went down by 0.09% against the dollar, selling for $1.12288 at 7:31 am CET, while the pound dipped 0.06%, changing hands at $1.24614 at the same time.

Breaking the News / BU