Europe opens in red on data pessimism

Friday, 14. August 2020 09:03

Major European stock markets opened in red on Friday as investors are waiting for Eurostat to report on second-quarter eurozone GDP (gross domestic product) growth estimates as well as trade balance and employment change data.

The DAX decreased 0.22% at the opening bell with Wirecard AG leading the losses falling by 7.22% six minutes later. The FTSE 100 fell 0.39% with International Consolidated Airlines Group going down by 4.35%. The CAC 40 went down by 0.55% as Accor declined by 2.14%.

The euro stood flat against the dollar to sell for $1.18092 at 8:58 am CET. At the same time, the pound sterling declined by 0.06% to the greenback, with the exchange rate of 1.30598.

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