9/16, 7:33 AM (Source: TeleTrader)
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Europe lower premarket on virus concerns, data

European shares traded lower in the premarket on Wednesday as concerns regarding the latest spikes in COVID-19 infections continued to grow. France reported a rise in the number of daily registered cases as global figures neared a total of 30 million contractions. Meanwhile, Microsoft co-founder Bill Gates predicted the world wouldn't return to its pre-pandemic state before 2022. Meanwhile, traders are keeping an eye on the August reports on consumer and producer prices, as well as retail sales in the United Kingdom, and the trade balance data for the Eurozone.

The DAX stood flat at 7:33 am CET, while at the same time, the FTSE 100 dropped by 0.42%. The CAC 40 declined by 0.12% at 7:32 am CET.

The euro stood flat against the dollar to sell for $1.18503 at 7:27 am CET. On the other hand, the pound sterling gained 0.08% against the greenback to exchange hands for $1.28989 at 7:28 am CET.

Breaking the News / JR