Europe lower in premarket amid vaccine rollout concerns

Monday, 18. January 2021 07:32

Shares on the major European stock market indexes traded lower in the premarket on Monday, as worries regarding the impact of the coronavirus pandemic lingered among the investors.

The announced delays in the distribution of the COVID jab developed by Pfizer/BioNTech fell in line with the prognosis of United States President-elect Joe Biden that the world has a "dark winter ahead," and with decisions of European leaders to tighten virus containment measures.

The DAX slid 0.29% at 7:31 am CET, while the FTSE 100 concurrently decreased by 0.16%. Meanwhile, in Paris, the CAC 40 dipped 0.36% at 7:48 am CET. The pound lost 0.11% versus the dollar, selling for 1.35698 at 7:33 am CET, while the euro stood flat against the greenback, to go for 1.20781 at the same time.

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Breaking the News / BU