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6/9, 7:47 AM (Source: TeleTrader)
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Europe mostly up premarket with recovery in mind

Equities in Europe traded mostly higher in the premarket session on Wednesday, with investors still looking at what the proposed European Union budget for 2022 would mean in terms of helping out the recovery. Meanwhile, the United Kingdom's Rishi Sunak is reportedly looking to exempt London from the global tax initiative, and negotiations between the UK and the EU continue today on the Northern Ireland protocol.

The DAX increased 0.13% at 7:44 am CET, while the CAC 40 was up 0.23% at the same time. Meanwhile, the FTSE 100 stood flat a minute later.

Both the euro and the pound stood flat against the dollar trading for $1.21784 and $1.41546 respectively at 7:46 am CET.

Breaking the News / OL