Europe opens in red amid virus, Brexit uncertainties

Friday, 24. July 2020 09:03

The major stocks indexes in Europe opened lower on Friday amid the mounting fears of the coronavirus pandemic's effects on the continent's economy. Traders will keep an eye on July PMI data for the Eurozone, Germany, France, and the United Kingdom that are scheduled for release after the session's start.

Meanwhile, EU's chief Brexit negotiator Michel Barnier recently revealed that post-Brexit negotiations have made no progress in the latest round of talks.

The DAX lost 1.38% at 9:02 am CET, as Infineon Tech. plunged 4.89% at 9:08 am CET. At the session's start, in London, the FTSE decreased by 1.19% as Pearson slid 2.84%. The CAC 40 dropped 1.19% at the opening bell with STMicroelectronics sinking 3.38% a minute later. The euro increased by 0.15% against the dollar, selling for $1.16128 at 9:04 am CET. A minute after that, the pound stood flat against the greenback, selling for $1.27336.

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Breaking the News / BU