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6/11, 7:56 AM (Source: TeleTrader)
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Europe higher in premarket, data, G7 in focus

European equities traded higher during the premarket session on Friday as investors digested US inflation data and awaited news from the G7 summit, scheduled to kick off today in Cornwall.

Aside from discussions between G7 leaders, traders were also awaiting a fresh batch of economic data from the UK, including the country's GDP figure. Earlier, the European Central Bank kept its monetary policy unchanged, but raised the growth forecast for the euro area.

The DAX was up 0.15% at 7:55 am CET. Meanwhile, the FTSE 100 gained 0.15% as well. In Paris, the CAC 40 rose 0.12%. The euro added 0.10% against the dollar, buying 1.21882 at the time.

Breaking the News / JC