Europe tumbles in premarket as virus worries mount

Friday, 26. November 2021 07:03

Shares on the major stock market indexes dropped in the premarket on Friday as the investors remained worried over the possible effects of the ongoing coronavirus wave and the measures the countries around Europe could opt for to curb the spread.

Germany's seven-day coronavirus incident rate reached yet another record high, while multiple governments decided to stop or limit flights to South Africa, due to fears of the newly discovered COVID-19 strain.

The DAX tumbled 1.69% at 7:01 am CET, while the CAC 40 concurrently plunged 1.63%. At the same time, the FTSE 100 was down by 1.65%. The euro jumped 0.15% versus the dollar, selling for 1.12242 at 7:09 am CET, while the pound lost 0.16% versus the greenback, to go for 1.32998 at the same time.

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Author:
Baha Breaking the News (BBN) / BU