Europe kicks off lower on COVID-19 struggles

Wednesday, 26. February 2020 09:03

Stocks on the European markets traded lower at the open on Wednesday as the coronavirus continued spreading across the continent. The UK started mass testing its citizens in an attempt to uncover how far the disease has spread around the country, while Germany registered newly infected cases. In business news, both French carmaker Groupe PSA and British mining corporation Rio Tinto reported a successful 2019 regarding the companies' earnings.

The DAX opened 0.90% lower, as Wirecard AG plunged 5.31%. The FTSE 100 dropped 0.47% at the start, with Diageo PLC losing 1.84%. The CAC 40 kicked off with a decline of 0.59%. Accor SA decreased 2.53% to lead the table.

Both the euro and the pound fell against the dollar, 0.06% and 0.09% respectively, to sell for $1.08768 and $1.29880 at 9:06 am CET.

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