Europe opens lower amid coronavirus concerns

Wednesday, 08. September 2021 09:00

European stock markets began trading on Wednesday lower as the resurgence of coronavirus cases dampened investors' optimism. Spanish health agency approved the use of COVID-19 booster shots. In business, Intel Corp. said that it plans to invest €80 billion in European semiconductor production over the next ten years.

In Britain, the FTSE 100 was down 0.54% at the opening bell as Lloyds Banking Group plc surrendered 1.66%. The DAX lost 0.85% concurrently. Siemens Energy AG dropped 2.72%. The CAC 40 decreased 0.57%. Stellantis N.V. was the worst starter, tumbling 1.69%.

The euro was unchanged against the dollar at 8:59 am CET, changing hands for $1.18338. The pound fell 0.16% at the same time to sell for $1.37643.

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