Europe opens lower with Brexit on agenda

Freitag, 11. Dezember 2020 09:01

Major stock markets in Europe traded lower at the opening bell on Friday as investors eye the rollout of coronavirus vaccines and the approaching deadline for Brexit talks. British Prime Minister Boris Johnson said on Thursday that there was now a "strong possibility" of the UK departing the EU without a free trade agreement at the end of the month. On the data front, it was reported that harmonized consumer prices in Germany declined by 0.7% in November compared to the same month last year.

The DAX traded 0.29% lower at the open with Heidelbergcement going south by 0.85%. The FTSE 100 fell by 0.09% with Rolls-Royce Holdings plunging by 5.35%. The CAC 40 went down by 0.43%. STMicroelectronics declined by 1.22%.

The euro fell 0.10% against the dollar to sell for $1.21300 at 8:52 am CET. At the same moment, the pound sterling lost 0.12% to the United States' currency to change hands for $1.32844.

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Breaking the News / TF