EU closes lower with COVID-19 back in focus

Monday, 28. June 2021 17:36

Major stock markets in Europe closed lower on Monday as new spikes in infections from COVID-19 retake the center of public attention. The United Kingdom registered most cases in a single day since January. Member of the European Central Bank Executive Board Fabio Panetta warned of the risk of second-round inflation effects, albeit limited. Meanwhile, Germany observed an annual rise in import prices.

The DAX closed 0.34% lower as Heidelbergcement AG declined by 3.48%. The FTSE 100 sank by 0.88%, with Burberry Group PLC slumping by 9.20%. The CAC 40 dropped by 0.98% as Unibail-Rodamco-Westfield SE went down by 4.88%.

The euro stood flat against the dollar, selling for $1.19303 at 5:35 pm CET. A minute later, the pound sterling gained 0.06% against the greenback, changing hands for $1.38859.

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Breaking the News / JR