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8/10, 7:51 AM (Source: TeleTrader)
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Europe down in premarket ahead of German inflation report

Equities in Europe traded lower in the premarket on Wednesday ahead of the newest update on inflation in Germany. Several countries on the Old Continent, such as Italy, will also release the same report throughout the day. The United States is also expected to reveal its numbers concerning consumer prices in July.

The DAX declined by 0.15% at 7:39 am CET. At the same time, the FTSE 100 dropped by 0.21%. Meanwhile, the CAC 40 decreased by 0.24%.

Both the euro and the pound sterling stood flat against the dollar at 7:47 am CET to sell for $1.0213 and $1.2081, respectively.

Baha Breaking News (BBN) / JR