Europe opens lower amid virus fears, Belarus tensions

Wednesday, 19. August 2020 09:02

Major stock market indexes in Europe traded lower at the start of the session on Wednesday, as the worries about the coronavirus pandemic's effects on the markets grasped the investors' minds. With countries on the continent trying to find a way to reopen safely, fears of the second wave have caused some to postpone easing the containment measures put in place.

Meanwhile, the tensions mounted as the European Union revealed its plan to tighten sanctions against Belarus. President of the European Council Charles Michel announced earlier this week that he plans to convene an emergency video summit regarding the situation in the country, and the meeting is scheduled to take place later today.

The DAX opened 0.33% lower with RWE AG plunging 5.20% at 9:09 am CET. The FTSE 100 dipped 0.07% at the opening bell while Evraz plc dropped 1.54% at 9:01 am CET. Meanwhile, in France, the CAC 40 started the session 0.12% in the red, with Unibail-Rodamco-Westfield as the worst performer. The euro stood flat against the dollar, selling for $1.19380 at 9:04 am CET, while the pound advanced 0.08% versus the greenback, changing hands at $1.32504 a minute later.

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Breaking the News / BU