Europe opens lower as coronavirus worries mount

Monday, 15. June 2020 09:03

European stock markets opened lower on Monday after the European Central Bank said it expects the Eurozone's economy will likely enter a recession. Meanwhile, several European countries are today lifting travel restrictions and reopening their borders. Still, investors remain worried this could impact the overall situation regarding the coronavirus pandemic.

The DAX tumbled 2.62% or 321 points at the opening bell pulled by Deutsche Bank AG that went down by 3.97%. The FTSE 100 fell 2.14% as the session began with Glencore Plc plunging 4.84%. The CAC 40 dropped 2.63% to start the day. Unibail-Rodamco WE led the losses, diminishing 4.43%.

The euro fell 0.19% against the dollar to sell for $1.12349 at 9:05 am CET, while the pound concurrently fell by 0.62% to go for $1.24630.

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Breaking the News / TF