Europe opens lower with economy in focus

Thursday, 04. March 2021 09:00

Major stock markets in Europe opened lower on Thursday as the recovery from the crisis caused by the COVID-19 takes center stage in today's trading session. The Eurozone will unveil its newest results in unemployment and retails sales, and the United Kingdom in construction. The European Central Bank (ECB) will also release its latest economic bulletin. Meanwhile, Lufthansa revealed its revenue in 2020 plunged by 63%, and British Chancellor of the Exchequer Rishi Sunak defended his decision to increase the income tax.

The DAX opened 0.54% lower as Infineon Technologies AG declined by 2.17%. The FTSE decreased by 0.50%, with Bhp Group PLC going down by 3.70%. The CAC 40 fell by 0.50% as STMicroelectronics NV worsened by 1.74%.

The euro lost 0.06% to the dollar to change hands for $1.20551 at 8:57 am CET. At the same time, the pound sterling stood flat against the greenback, selling for $1.39542.

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Breaking the News / JR