Europe starts lower on coronavirus concerns

Thursday, 13. February 2020 09:01

European markets opened with losses on Thursday as concerns about the coronavirus continued to weigh on stocks. Chinese health officials said the death toll from the virus jumped to over 1,300 with 242 new deaths reported in the Hubei province. Meanwhile, investors also digested Germany inflation figures and corporate earnings from companies including Barclays, Commerzbank, Credit Suisse, Airbus, Nestle and ThyssenKrupp.

The FTSE 100 declined 0.52% at 9:00 am CET. Antofagasta led the losses as its shares fell 1.75% at 9:00 am CET.

The DAX lost 0.36% at 9:03 am CET with HeidelbergCement, down 2.64%, as the worst performer.

The CAC 40 was down 0.48% at 9:00 am CET. Airbus pulled the index down, dropping 2.46% at 9:01 am CET after reporting a net loss of €3.5 billion in the fourth quarter of 2019.

The euro traded flat against the dollar, going for 1.08796 at 9:02 am CET, while the pound gained 0.18% compared to the US currency to sell for 1.29806 at 9:03 am CET.

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Breaking the News / NP