Europe opens lower as COVID-19 worries persist

Major stock market indexes in Europe started lower on Wednesday amid ongoing lockdowns and a rising number of COVID-19 deaths. Before the opening bell, French Economy and Finance Minister Bruno Le Maire complained about the complexity of the European Union’s coronavirus recovery fund and data from GfK showed that German consumer sentiment dropped as a result of vast business closures.

The DAX lost 0.30% at 9:01 am CET as Infineon fell 2.71% at 9:02 am CET. The FTSE 100 was down by 0.13% at 9 am CET. The index was led lower by Fresnillo which plunged 4.56% at 9:03 am CET. The CAC 40 declined by 0.11% at 9 am CET, with Societe General trading 1% lower at the same time.

The euro was 0.11% down against the dollar, going for 1.21536 at 9:04 am CET and the pound traded flat compared to the US currency, changing hands for 1.37401 at the same time.



Breaking the News / VP



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