Europe opens lower under pressure from pandemic

Monday, 11. January 2021 09:03

European equities started the session on Monday in the red as investors monitored progress in the coronavirus vaccine rollout on the continent.

The United Kingdom's Vaccine Deployment Minister Nadhim Zahawi said the country plans on offering vaccination to 15 million people by mid-February. Meanwhile, the European Union ordered an additional 300 million doses of the Pfizer/BioNTech coronavirus vaccine last week.

The DAX was down 0.45% at the start of trading in Frankfurt led lower by Fresenius and Bayer. The CAC 40 opened 0.32% lower with Axa as the weakest performer. The FTSE 100 declined 0.19%; Smith & Nephew led the losses. The euro fell 0.28% against the dollar at 9:10 am CET, buying 1.21920. The pound lost 0.49% compared to the greenback, to go for 1.34980 at the same time.

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Author:
Breaking the News / JC