DAX plunges 300 pts at open as virus worries rise

Monday, 26. October 2020 09:06

Shares on the major stock market indexes in Europe went down on Monday amid the concerns over the impact that the coronavirus pandemic's second wave could have on the continent's economy, with Germany's DAX losing more than 2%. The resurgence of the COVID-19 cases in Europe has continued apace during the last few days.

The DAX dropped 2.67% or 338 points at the open with SAP SE dipping by 18.99%, while the CAC 40 plummeted 1.32%. Atos was the worst performer falling by 3.30%. At the same time, in London, the FTSE tumbled 1.28% as Rolls-Royce Holding went down by 2.42%.

The euro fell by 0.27% compared to the dollar at 9:05 am CET, selling for $1.18311, while the pound went south by 0.28% versus the US currency, to change hands $1.30058 a minute later.

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Breaking the News / TF