Europe opens in red as virus fears persist

Thursday, 19. November 2020 09:02

Equities on major stock markets in Europe were lower at the opening bell on Thursday with investors' concerns over the coronavirus pandemic remaining in focus. Global virus-related deaths were at a record high for the second consecutive day, while countries across the continent are considering tightening and extending lockdown measures to curb the outbreak.

Germany could see an extension of containment measures beyond December 2 as COVID-19 infections continue to surge nationwide, Bavarian Prime Minister Markus Soder said.

The DAX in Frankfurt slipped 0.76% at the open with MTU Aero Engines decreasing over 1% at 9:01 am CET. At the same time, the FTSE 100 lost 0.64% as B&M European Value Retail dropped more than 4% at 9:04 am CET, and the CAC 40 went down by 0.97% with Safran losing nearly 2% at 9:05 am CET. The euro slid 0.07% against the greenback to go for 1.18445 at 8:58 am CET, while the pound surrendered 0.28%, changing hands for $1.32330 concurrently.

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