Europe mixed premarket with COVID in focus

Friday, 18. September 2020 07:46

Shares on major European stock markets were mixed in premarket trading on Friday as investors' remained focused on the coronavirus pandemic and the course of the economic recovery from the virus-caused crisis. The number of daily coronavirus infections in Germany reached its highest level since late April, while the UK added nearly 3,400 new cases with experts suggesting the country may need another lockdown in October to contain the pandemic.

On the political field, European Commission President Ursula Von der Leyen claimed it's still possible for the European Union to agree on a post-Brexit trade deal with the United Kingdom despite the fact London passed the Internal Market Bill. Meanwhile, traders await economic data from Germany and the UK that are set to be released before the opening bell and may hint the pace of the recovery from the crisis across the two leading European economies.

The DAX increased by 0.15% at 7:45 am CET, while the FTSE 100 declined 0.05% at the same time. The CAC 40 in Paris was flat at 7:57 am CET. The euro was virtually unchanged against the greenback, trading for 1.18520 at 7:44 am CET, while the pound slid 0.09% to go for $1.29621 at 7:49 am CET.

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Breaking the News / GA