Europe opens lower with vaccine rollout in focus

Monday, 18. January 2021 09:04

European equities opened lower on Monday as investors continued to monitor the rollout of coronavirus vaccines across the continent. Deliveries of the Pfizer/BioNTech vaccine in Europe have been delayed in order to improve production capacities and meet the high demand for the jab.

Meanwhile, traders digested GDP figures from China and news of Angela Merkel loyalist Armin Laschet being elected as the new chairman of Germany's Christian Democratic Union (CDU).

The DAX started 0.55% in the red as Bayer led the losses The CAC 40 was 0.48% lower in the first minutes of trading with Unibail-Rodamco-Westfield dropping over 2%. The FTSE 100 declined 0.33%; International Consolidated Airlines Group was the weakest performer as the United Kingdom closed all travel corridors until February 15 in an effort to contain the spread of new strains of COVID-19.

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Author:
Breaking the News / JC