Europe higher premarket on ECB remarks
Equities in Europe traded higher in the premarket session on Thursday, with investors looking at remarks made by the European Central Bank officials to give them a sense of the state of the economy.
ECB’s Isabel Schnabel noted that markets may be overestimating the impact of the coronavirus Delta variant, while Pablo de Cos asserted that the inflation increase is only temporary. ECB President Christine Lagarde will have a speech later in the day, as Lane noted that alternative measures may be needed in the next policy review.
The CAC 40 was 0.30% higher at 7:45 am CET, as the DAX increased 0.19% a minute later. The FTSE 100 gained 0.18% at 7:47 am CET. The euro fell 0.09% against the dollar trading for $1.18062 at 7:48 am CET, while the pound stood flat against the American currency changing hands for $1.38326 concurrently.
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