Market Movements Ahead of Economic Data

As the European trading session began on Thursday, equities mostly edged lower in premarket trading. Investors are keenly awaiting a slew of economic data releases, including GDP and industrial production figures from the United Kingdom and the Eurozone, alongside inflation data from France.

Index Performance

The DAX saw a slight decrease of 0.26% by 8:00 am CET, while the FTSE 100 dropped by 0.28%. The Euro Stoxx 50 also declined by 0.14%, with the CAC 40 remaining unchanged.

Currency Stability

At 7:58 am CET, both the euro and the pound sterling held steady against the US dollar, trading at $1.17007 and $1.35730, respectively.