10/3, 7:53 AM (Source: TeleTrader)
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Europe lower premarket as data dampens sentiment

European stock equities were down in the premarket hours on Tuesday after data showed that manufacturing sector activity in the euro area slowed, seemingly rekindling concerns about the region's economic growth. The negative sentiment was fueled up by renewed worries that the European Central Bank could tighten its monetary policy further before the year-end.

Frankfurt's DAX fell 0.76% at 7:42 am CET. The Euro Stoxx 50 was down by 0.70%. The CAC 40 lost 0.73% and London's FTSE 100 dipped 0.35%.

The euro's decline against the dollar persisted, falling by 0.12% to trade at $1.04644 at 7:50 am CET, marking its new lowest point since December 2022. The pound lost 0.18% versus the greenback, selling at $1.20647 to hit its fresh low in six months.

Baha Breaking News (BBN) / AB