European shares traded lower in the premarket hours on Thursday ahead of the European Central Bank's decision on its key interest rates.
Earlier, Deutsche Bank AG estimated that the ECB would decide on increasing its key interest rates by 50 basis points, while European Central Bank (ECB) President Christine Lagarde has previously remarked that Russia's military operation in Ukraine has revealed the openness and dependence on supply chains from abroad and reliance on energy.
The DAX lost 0.59% at 6:48 am CET, while the CAC 40 fell 0.71%, and the FTSE 100 declined 0.52%. The euro improved by 0.09% against the dollar at 7:02 am CET, selling for $1.07254. In comparison, the pound fell by 0.05% to go for $1.25283 at the same time.
