European Markets Edge Lower in Pre-Market Session

European stock indexes experienced a slight decline during Tuesday's pre-market session as investors eagerly awaited key economic data. The focus was on the confirmation of German inflation for November, which is expected to remain at 2.2%. Additionally, anticipation for US inflation figures, due to be released tomorrow, added an element of uncertainty to the markets.

This shift in market sentiment marked a departure from the gains observed on Monday, as reported by Teletrader.

Key European Indices Performance

At 8:00 am CET, the DAX index showed a loss of 0.29%, while the Euro Stoxx 50 fell by 0.57%. The FTSE 100 and CAC 40 also experienced declines, dropping 0.26% and 0.35% respectively.

Currency Movements

In currency trading, the euro appreciated by 0.16% against the dollar, reaching $1.05666 at 7:58 am CET. Similarly, the pound sterling increased by 0.08% compared to the US currency, trading at $1.27586 at the same time.