Europe opens lower amid coronavirus fears

Wednesday, 08. July 2020 09:00

Major stock markets in Europe opened lower on Monday as the concerns about coronavirus continue to rise throughout the continent. World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus said the pandemic is yet to reach its peak. The traders are also waiting for the Vice President of the European Central Bank Luis de Guindos's briefing on economic recovery scheduled for today.

The DAX fell by 0.64% at the opening bell with Wirecard AG dropping 1.46%. The FTSE 100 went down by 0.55% as HSBC Holdings PLC decreased by 3.09%. The CAC 40 declined by 0.74% with Capgemini falling by 2.31%.

The euro stood flat against the dollar to sell for $1.12753 at 8:57 am CET. At the same time, the pound sterling rose 0.06% compared to the greenback, with the exchange rate of 1.25490.

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Breaking the News / JR