Europe higher premarket as traders await data

Tuesday, 19. January 2021 07:30

Stocks on the major European benchmarks traded higher in the premarket on Tuesday as the investors anticipated the data scheduled for release later in the day. Centre for European Economic Research (ZEW) is due to come out with its survey of the economic sentiment in Germany, while the European Central Bank will publish its quarterly bank lending survey.

On the COVID front, the United States has sent mixed messages in regards to lifting travel restrictions for the Schengen Area, as well as the United Kingdom. Sitting US President Donald Trump issued a proclamation stating that entry to the US will be allowed from January 26, while the president-elect's future White House secretary stressed that the new administration has no intention to back the move.

The DAX rose 0.65% at 7:30 am CET, while the FTSE 100 gained 0.51% at the same time. In Paris, the CAC 40 increased by 0.65% at 7:41 am CET. Both euro and pound strengthened versus the dollar, advancing 0.15% and 0.14% at 7:29 am CET, to sell for 1.20949 and 1.36060, respectively.

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