Europe opens higher with COVID-19 in focus

Monday, 16. November 2020 09:03

Major European stock markets opened higher on Monday as the COVID-19 pandemic remained in focus for global markets. A study by the National Cancer Institute (INT) of the Italian city of Milan showed that the pandemic was happening in Italy since September 2019, hinting that the COVID-19 might have spread beyond China earlier than previously thought. Also, United Kingdom Prime Minister Boris Johnson was forced to self-isolate after coming in contact with a Conservative MP who tested positive for coronavirus.

The DAX gained 0.70% at 9:03 am CET as Covestro AG grew by 2.07% a minute later, while the FTSE 100 advanced by 0.79% at 9:01 am CET with Vodafone Group Plc going up by 4.43%. In Paris, the CAC 40 increased by 0.88% at the same time. Renault was the best performer rising by 2.38 at 9:00 am CET.

The euro gained 0.18% versus the dollar, selling for 1.18540 at 8:58 am CET, while the pound sterling advanced 0.22% against the US currency, trading for 1.32234 one minute later.

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Breaking the News / TF