12/2/2022, 8:01 AM (Source: TeleTrader)
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Europe mixed in premarket with economy in focus

Equities in Europe traded lower in the premarket on Friday amid the unveiling of the newest reports on Germany's trade balance and the euro area's producer prices.

Previously, European Central Bank (ECB) President Christine Lagarde noted that Federal Reserve's tightened monetary policy affected the Eurozone's industrial production as much as it did the United States output. Meanwhile, Bank of Japan (BoJ) Governor Haruhiko Kuroda projected that global economic activity will slow down "toward 2023."

The DAX went up by 0.17% at 8:00 am CET. At the same time, the FTSE 100 lost 0.07%. The CAC 40 decreased by 0.30%.

Both the euro and the pound sterling stood flat against the dollar at 7:58 am CET to sell for $1.05295 and $1.22377, respectively.

Baha Breaking News (BBN) / JR