Europe up in premarket with economy in focus
Equities in Europe traded higher in the premarket on Monday ahead of the release of the freshest report on the Eurozone’s investor confidence. Earlier, the United Kingdom’s Petrol Retailers Association (PRA) estimated the ongoing fuel crisis is “virtually at an end.” Meanwhile, British Prime Minister Boris Johnson claimed the issues concerning supply chains the country is currently facing is due to it being the “fastest-growing economy in the G7 [Group of Seven].”
In the meantime, the French Foreign Ministry confirmed its head Jean-Yves Le Drian will meet United States Secretary of State Antony Blinken to discuss the tension between their two countries that emerged following the so-called AUKUS deal.
The DAX went up by 0.25% at 7:21 am CET. At the same time, the FTSE 100 advanced by 0.40%. The CAC 40 rose by 0.26%. Both the euro and the pound sterling stood flat against the dollar, selling for $1.15982 and $1.35460, respectively, at 7:39 am CET.
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