Equities in Europe traded lower in the premarket on Tuesday ahead of the Eurozone's Harmonised Indices of Consumer Prices (HICP). In addition, the bloc will update information on unemployment.
Investors are eagerly anticipating the impact of this data on the uncertain continuation of the European Central Bank's easing cycle that started on June 6, when the central bank decided to reduce its policy rate by 25 basis points, marking its first trim since 2019.
The DAX lost 0.17% at 8:03 am CET. At the same time, the FTSE 100 worsened by 0.33%. Meanwhile, the CAC 40 was 0.25% lower and the Euro Stoxx 50 slumped by 0.20%. The euro lost 0.06% to the dollar to sell for $1.07344 at 8:04 am CET. In the same minute, the pound sterling fell by 0.09% against the greenback to go for $1.26380.
