Europe in red premarket as COVID cases resurge

Thursday, 25. March 2021 07:21

Major European markets traded lower ahead of the session on Thursday on increased concerns the continent might be entering a third coronavirus wave. The number of daily reported cases in France and Germany is rising according to the data, prompting authorities to seek tightened measures in response.

Germany previously extended restriction measures for an additional three weeks until the second half of April, while France yesterday hinted the country would also reimpose restrictions. Meanwhile, the United Kingdom is considering toughening border rules for international arrivals in response to the accelerating outbreaks.

The DAX lost 0.19% at 7:19 am CET, while the FTSE 100 fell 0.14% at the same time. The CAC 40 declined 0.47% at 7:49 am CET. Both the euro and the pound stood slightly in the green against the dollar to trade for 1.18194 and 1.36881, respectively.

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