8/1, 7:47 AM (Source: TeleTrader)
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Europe lower premarket with data in focus

Major European stock indexes were lower in the premarket on Monday, as investors anticipated the eurozone's manufacturing data, along with the United Kingdom and Germany revealing the sector's PMI reports later today. Traders will also be given an update on the EU's unemployment rate and retail sales in Germany.

Earlier, HSBC Holdings Plc announced its quarterly earnings report, noting a 15% drop in profit before tax compared to the same period last year.

Frankfurt's DAX was down by 0.43% at 7:43 am CET. At the same time, the CAC 40 and the FTSE 100 fell by 0.34% and 0.21%. The euro was flat against the dollar going for $1.02208 at 7:44 am CET. A minute later, the pound was 0.10% higher against the greenback, to change hands for $1.21801.

Baha Breaking News (BBN) / AB