Europe opens lower on pandemic, tapering news

Thursday, 19. August 2021 09:03

Major stock markets in Europe opened lower on Thursday, as investors analyzed how the talk of asset tapering coming from the United States may impact markets. On the pandemic front, Germany recorded the highest number of daily cases since May indicating that the summer wave of the pandemic is still ongoing. Meanwhile, Goldman Sachs is reportedly planning to further expand into the European market and the United Kingdom is investigating the Cobham Ultra acquisition of Ultra Electronics.

The DAX opened 1.43% in the red, with Continental AG falling 3.20%. The FTSE 100 began the session 0.61% lower, as Antofagasta decreased 6.43%. The CAC 40 was down by 1.54% at the start, led by LVMH losing 3.01%.

The euro dropped 0.27% against the dollar trading for $1.16796 at 9:05 am CET, while the pound declined 0.36% against the American currency going for $1.37055 a minute later.

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Breaking the News / OL