Stock indexes in Europe were lower in premarket trade on Tuesday following a string of corporate earnings reports. UBS, Banco Santander, Novartis and Nestle all revealed their respective first-quarter results earlier in the day. Meanwhile, European Central Bank Chief Economist Philip Lane noted he expects another interest rate hike at the ECB's meeting next week.
The DAX decreased by 0.20%, London's FTSE 100 lost 0.21%, the EURO STOXX 50 declined by 0.39% at 8:00 am CET. The CAC 40 was down 0.22% at 8:04 am CET.
Both the euro and the British pound were flat compared to the dollar at 7:59 am CET, trading at 1.10505 and 1.24820, respectively.
