Europe lower at close with COVID in focus

Tuesday, 12. January 2021 17:32

Major stock markets in Europe closed lower on Tuesday as investors are being focused on the rising coronavirus infections in Europe. The World Health Organization (WHO) warned that the herd immunity against COVID-19 will not be achieved this year, no matter the vaccines. Also, traders are monitoring the options for additional US fiscal stimulus after a Democratic "win" at the Congress. On the data front, the US Bureau of Labor Statistics reported that job openings in the US were little changed in November compared to the previous month and stood at 6.5 million with the job opening rate at 4.4%.

The DAX closed 0.08% lower with RWE AG falling 2.62%. The FTSE 100 went down by 1.09% as Fresnillo Plc slipped by 4.07%. The CAC 40 fell by 0.15%. Dassault systems was the worst performer going south by 1.62%

The euro stood flat against the dollar, selling for $1.21565 at 5:31 pm CET. A minute later, the pound sterling rose by 0.76% against the greenback, changing hands for $1.36250.

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Breaking the News / TF