Europe opens lower amid Brexit turmoil

Friday, 05. March 2021 09:00

Major stock markets in Europe opened lower on Friday amid the latest disagreements between the European Union and the United Kingdom concerning the Northern Ireland Protocol. While Britain defended its decision to extend a grace period for some checks on goods going to Northern Ireland as an "operational measure," the European Commission threatened Brussels would penalize London over the move. Meanwhile, Germany saw a decline in domestic factory orders in January.

The DAX opened 0.49% lower as Infineon Technologies AG decreased by 1.21%. The FTSE 100 fell by 0.35%, with London Stock Exchange Group PLC going down by 4.38%. The CAC 40 dropped by 0.62% as Airbus SE worsened by 1.65%.

The euro lost 0.17% to the dollar to sell for $1.19499 at 8:57 am CET. At the same time, the pound sterling declined by 0.14% against the greenback to change hands for $1.38706.

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Author:
Breaking the News / JR