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2/23, 8:01 AM (Source: TeleTrader)
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Europe higher premarket amid rate hike talks

Major European stock markets registered some gains ahead of Wednesday's opening bell, as new remarks from the European Central Bank suggested two possible interest rate hikes could take place this year.

According to Robert Holzmann, the ECB might announce the first interest rate increase in the summer and an additional one before the end of the year. As the earnings season continued, Rio Tinto revealed its full-year results for 2021 earlier today.

The DAX gained 0.12% at 7:55 am CET, while the FTSE 100 and the CAC 40 stood slightly in the green. The euro traded flat against the dollar to sell for 1.13254 at 7:55 am CET, while the pound increased by 0.08% to $1.35953.

Baha Breaking News (BBN) / ND