Europe lower in premarket on COVID-19 uncertainty

Friday, 26. February 2021 07:21

Equities in Europe trader lower in the premarket on Friday as the situation concerning COVID-19 remained uncertain. Bank of England's Andrew Bailey predicted the United Kingdom's economy, heavily affected by the pandemic, would likely see another "negative quarter" in the first trimester of the year. German Chancellor Angela Merkel stated the European Union was unlikely to introduce certificates that prove one has been inoculated against COVID-19 before May. Meanwhile, the number of new infections registered daily in Italy was the highest since January.

The DAX sank by 1.12% at 7:10 am CET, while at the same time, the FTSE 100 plunged by 1.03%, and the CAC 40 went down by 1.24%.

The euro stood flat against the dollar to sell for $1.21586 at 7:19 am CET. A minute later, the pound sterling lost 0.39% to the greenback to change hands for $1.39520.

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Breaking the News / JR