Europe opens mostly lower, turns positive quickly

Friday, 06. November 2020 09:03

Major European stock market indexes opened in the red on Friday, but turned positive in the first 10 minutes of trading as uncertainty over the United States election results was somewhat subdued as Democrat Joe Biden significantly narrowed President Donald Trump's lead in Georgia. Meanwhile, rising global and European coronavirus cases contributed partially to investor worries.

The DAX traded 0.06% in the green at 9:09 am CET, with DT Telekom jumping 3.56% at 9:10 am CET. The FTSE 100, which started flat, rose 0.33% at 9:11 am CET. Aviva was the strongest stock in the index, increasing 2.43% at 9:02 am CET. After opening in the red, the CAC 40 was up by 0.29% at 9:10 am CET after Legrand jumped 2.08% at 9:01 am CET.

The euro increased by 0.13% against the dollar to go for 1.18421 at 9:12 am CET while the pound traded flat compared to the greenback at the same time, going for 1.31470.

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Author:
Breaking the News / VP