Europe mixed premarket as US-China tensions rise

Friday, 07. August 2020 07:45

European stocks were mixed in premarket trading on Friday as tensions between the United States and China continued to grow after US President Donald Trump signed executive orders forbidding American companies to do business with TikTok owner ByteDance and WeChat parent Tencent. On the data front, investors awaited German industrial production and trade balance figures.

The FTSE 100 lost 0.09% at 7:42 am CET. Meanwhile, the DAX rose 0.23% at the same time and the CAC 40 was flat at 7:41 am CET.

The euro lost 0.29% against the dollar to sell for 1.18428 at 7:45 am CET and the pound declined 0.10% compared to the greenback to go for 1.31291 at the same time.

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Breaking the News / NP