6/29, 7:39 AM (Source: TeleTrader)
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Europe lower premarket ahead of key inflation data

Major European stocks recorded declines in Wednesday's premarket trading as investors prepared for the latest inflation data from Germany and Spain after the opening bell.

With the NATO summit in Madrid underway, Turkey yesterday signed a Memorandum of Understanding with Sweden and Finland and showed support on their road to join the western military alliance. Several officials of the European Central Bank were also expected to deliver comments throughout the day.

The DAX dropped by 0.53%, the FTSE 100 lost 0.61%, and the CAC 40 fell by 0.54% at 7:29 am CET. The euro slipped 0.12% against the dollar to sell for 1.05064, and the pound gained 0.11% to reach $1.21974 at 7:39 am CET.

Baha Breaking News (BBN) / ND