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8/4, 7:52 AM (Source: TeleTrader)
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Europe higher premarket ahead of PMI releases

Shares on the major European stock market indices traded in the green in the premarket on Wednesday, as the investors awaited the purchasing managers' index (PMI) figures for Germany, the United Kingdom, and the euro area. Eurozone's retail sales, another weather vane of the economic recovery, are scheduled to go out after the open.

The DAX rose 0.22% at 7:50 am CET, while the CAC 40 gained 0.23% at the same time. In London, the FTSE 100 moved up by 0.24%.

The euro and the pound strengthened 0.07% compared to the dollar at 7:51 am CET, selling for 1.18726 and 1.39263, respectively.

Breaking the News / BU