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7/21, 7:51 AM (Source: TeleTrader)
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Europe up premarket amid earnings

Equities in Europe traded higher in the premarket session on Wednesday, as investors started to digest the latest quarterly earnings reports from companies. While Daimler and Novartis reported yearly increases in their quarterly revenues, SAP saw a slight drop when compared to last year.

Meanwhile, the United Kingdom has reportedly cut funding to one of its largest chipmakers, after it was sold to a Chinese-owned firm, and in pandemic news, the European Union has started a rolling review of the GSK-Sanofi coronavirus vaccine.

The FTSE 100 and the CAC 40 increased by 0.15% and 0.41% respectively at 7:49 am CET. The DAX gained 0.19% a minute later. The euro lost 0.07% against the dollar trading for $1.17716 at 7:51 am CET, while the pound concurrently fell 0.10% against the greenback selling for $1.36122.

Breaking the News / OL