Europe opens in red ahead of data, BoE's rate decision

Thursday, 17. September 2020 09:05

Major European stock markets traded lower at the opening on Thursday as investors await the Bank of England's decision the interest rate, as well as important economic data that include the Eurozone's inflation report and construction output. On the other side of the Atlantic, the US Federal Reserve decided to keep its interest rates unchanged at 0.00-0.25%.

Meanwhile, the global number of coronavirus cases topped 30 million while the death toll topped 940,000, boosting investors' fears over slower economic recovery from the crisis.

The DAX traded 1.63% lower at 9:05 am CET with Volkswagen AG losing 2.45% at 9:08 am CET. The FTSE 100 fell by 1.22% at 9:01 am CET, while Rio Tinto Plc's shares declined 2.89%. The CAC 40 went down by 1.37% at the same time as Unibail Rodamco's stocks landed at 3.98%. The euro lost 0.34% to the dollar to sell for $1.17748 at 9:04 am CET, while pound sterling decreased 0.09% against the greenback to exchange hands for $1.29550 at the same time.

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