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12/9/2022, 8:02 AM (Source: TeleTrader)
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Europe up premarket with China's reopening in focus

European stock markets traded higher premarket on Friday as investors positively reacted to Chinese Premier Li Keqiang's promise that the country will keep easing COVID-19 curbs, opening up "at a high level." Traders in London also await the report on consumer inflation expectations in the United Kingdom due to be released later today.

The DAX was flat at 8:01 am CET, while the CAC 40 gained 0.19%. London's FTSE 100 increased by 0.22% at the same time.

The dollar slipped amid mounting recession fears ahead of next week's Fed meeting, sending the euro to trade 0.19% higher, to change hands for $1.05755, while the pound sterling gained 0.17% against the greenback, to sell at $1.22605 at 7:57 am CET.

Baha Breaking News (BBN) / MX