6/17, 7:32 AM (Source: TeleTrader)
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Europe lower premarket ahead of inflation data

Shares on the major stock market indexes in Europe traded in the red in the premarket on Thursday, as the investors awaited May's inflation figure, scheduled for release after the opening bell.

The traders digested United States Federal Reserve's decision to leave the key interest rate unchanged. Fed's Chair Jerome Powell predicted a strong recovery for the US labor market but went on to underline that the country's economy has not returned to its pre-COVID levels.

The DAX lost 0.21% at 7:32 am CET, while the FTSE 100 declined by 0.36% at the same time. At 7:50 am CET, the CAC 40 was down by 0.26%. The pound sterling moved up by 0.07% compared to the dollar at 7:33 am CET, selling for 1.39968, while the euro stood flat versus the greenback, going for 1.9980 a minute later.

Breaking the News / BU