Europe down premarket as virus count grows

Thursday, 24. September 2020 07:37

The shares on the major stock markets in Europe traded lower in the premarket on Thursday as the number of registered coronavirus infections continued to rise both on the continent and globally. As the number of new cases increased in the United Kingdom as well, and the country announced new measures aimed at slowing down the spread of COVID-19, a report revealed that a new system might be put in place to enable the government to target areas with higher infection rates.

On the data front, the traders will keep an eye on the European Central Bank's Economic Bulletin report and the Institute for Economic Research's analysis of the business climate in Germany for September which are both scheduled for release later in the day.

The DAX dived 1.21% at 7:37 am CET, while the FTSE 100 lost 1.01% at the same time. In Paris, the CAC 40 dropped by 0.21% at 8:00 am CET. The euro stood flat versus the dollar, selling for $1.16544 at 7:39 am CET, while the pound concurrently declined by 0.16% against the greenback, to change hands at $1.27050.

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Breaking the News / BU