European stock exchanges traded lower on Wednesday premarket following recent news about the end of the referenda in Ukraine and the subsequent statement by Moscow that is expected to come after these latest events. The downward trend has also been affected by global concerns around inflation and the trading session in the Asia-Pacific region.
During the day, European Central Bank President Christine Lagard is to hold a speech, while Gfk will publish data on German consumer confidence for October.
The FTSE 100 declined by 0.55% at 8:00 am CET, the DAX dropped by 1.27% and the CAC 40 was down by 1.39% at the same time. The pound traded 0.48% lower against the dollar to go for 1.06816 at 8:00 am CET. The euro fell by 0.39% to the US currency to sell for 0.95563 at the same time.
