12/3/2021, 8:06 AM (Source: TeleTrader)
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Europe up in premarket as focus shifts to economy

Equities in Europe traded higher in the premarket on Friday ahead of the release of the newest reports on Germany, the United Kingdom, and the Eurozone's service and manufacturing sector. The latter will also post its latest results in retail sales. Earlier, the European Medicines Agency (EMA) announced it launched a review of Valneva SE's vaccine against COVID-19.

The DAX gained 0.65% at 8:03 am CET. At the same time, the FTSE 100 advanced by 0.48%. The CAC 40 went up by 1.30%.

The euro lost 0.11% to the dollar to sell for $1.12856 at 8:03 am CET. A minute later, the pound sterling declined by 0.15% against the greenback to go for $1.32796.

Baha Breaking the News (BBN) / JR