7/22, 8:00 AM (Source: TeleTrader)
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Europe higher premarket ahead of ECB update

Shares on major European markets rose during premarket trading on Thursday as traders kept an eye on corporate earnings and awaited the European Central Bank's (ECB) latest monetary policy update along with President Christine Lagarde's press conference afterward.

Earlier this month, the ECB announced its revised inflation target, revealing it will now aim for a 2% inflation target over the medium term. Aside from the bank's new inflation target, Lagarde is expected to comment on rising inflation and the Delta variant's possible impact on economic recovery in the euro area.

The DAX gained 0.33% at 8:00 am CET, while the CAC 40 climbed 0.41%. Meanwhile, the FTSE 100 was up 0.24% in London.

Breaking the News / JC