Europe kicks off lower on Brexit, COVID uncertainty

Monday, 30. November 2020 09:05

Major European stock markets opened in the red on Monday as the coronavirus pandemic and the post-Brexit trade talks continued to prompt significant uncertainties across the continent.

British Environment Secretary George Eustice recently revealed that the negotiations between London and Brussels might get extended if progress is made this week. Over the weekend, a report suggested that the United Kingdom could become the first country in the western world to distribute a COVID-19 vaccine to its population.

The DAX lost 0.49% at the open, with Continental AG decreasing 1.41%. The FTSE 100 dropped 0.38%, as BP plunged 2.21%. The euro gained 0.07% to sell for $1.19697 at 9:03 am CET, while the pound rose 0.29% to go for $1.3334.

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