Stocks in Europe plunge at open after Wall Street sell-off

Thursday, 02. December 2021 09:03

Shares on the major stock market benchmarks in Europe dived at open on Thursday, seemingly mirroring the downward trend seen in the United States after the detection of the first Omicron infection in the country.

The traders will keep an eye on Eurostat's reports on October readings of producer prices and the unemployment in the euro area.

The DAX dropped 1.22% at 9:03 am CET, as Continental plummeted 3.16% a minute later. The CAC 40 started the session 1.25% in the red with Unibail-Rodamco-Westfield nosediving 4.6%. Meanwhile, in London, the FTSE 100 lost 1.05%. National Grid dove 2.58% as the index's worst performer.

The euro was flat versus the dollar at 8:59 am CET, selling for 1.13090, while the pound advanced 0.12% compared to the greenback, to go for 1.32804 at the same time.

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Author:
Baha Breaking the News (BBN) / BU