Europe opens in red with ECB's rate in focus

Thursday, 04. June 2020 09:01

European stock market opened in the red territory as the continent awaits the European Central Bank's announcement regarding its monetary policy plan, with the focus remaining on the latest news on the coronavirus pandemic and civil unrest in the United States.

The DAX dropped 0.77% at the opening bell's sound, with Daimler AG NA O.N. plunging 3.97%. The CAC 40 went down by 0.56% as Peugeot decreased by 2.67%. The FTSE lost 0.35%, with Rolls-Royce Holdings PLC declining 4.27%.

The euro decreased by 0.22% compared to the dollar, with the exchange rate of 1.12089 at 8:58 am CET.

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Author:
Breaking the News / JR