Europe opens in red amid earnings

Tuesday, 20. October 2020 09:01

Major stock markets in Europe started the Tuesday's trading session below the flatline as the rising numbers of coronavirus infections weighed heavily on investor sentiment. In business, UBS Group AG's net income doubled in the third fiscal quarter of 2020 compared to the same period last year.

Meanwhile, on data, Germany's statistical office Destatis reported the country's producer prices fell by 1% year-over-year in September.

The FTSE 100 was down 0.16% at the opening bell, as Informa plc dropped 1.75%. The DAX lost 0.28%, with Siemens AG falling 1.00%. The CAC 40 decreased 0.20%. ArcelorMittal S.A. surrendered 1.70%.

The euro and the pound were both flat against the dollar at 9:00 am ET, changing hands for 1.17688 and 1.29389 respectively.

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Breaking the News / MD