Major stock indexes in Europe traded higher in the premarket on Thursday as some of the final company earnings reports were coming in. Germany's Commerzbank recorded strong results in the last quarter of 2022, followed by more positive financial news from Nestle. French Renault Group joined in to report increased revenues. Later in the day, the European Union is expected to reveal its Economic Bulletin.
The DAX increased by 0.25% at 8:01 am CET, while the CAC 40 added 0.62% and the Euro Stoxx 50 rose by 0.67% concurrently. London's FTSE 100 traded flat a minute later.
The euro was up 0.11% against the dollar at 8:05 am CET, selling for 1.07015, while the pound traded flat compared to the greenback and went for 1.20332 at the same time.
