Europe turns to losses as COVID woes take over

Monday, 17. May 2021 14:04

Shares on the major European stock market indexes turned to losses on Monday after having started the week's first session above the flatline, with the sentiment seemingly mirroring that of Wall Street.

On the business front, the iPhone maker Foxconn and carmaker Stellantis announced a strategic partnership, with more details on the deal coming later this week.

The DAX in Germany lost 0.31% at 2:01 pm CET, as Deutsche Bank declined by 1.36%, while the CAC 40 dropped 0.51% at the same time. A minute later, the FTSE 100 in London moved 0.59% lower. Both the euro and the pound stood flat versus the dollar at 2:06 pm CET, selling for 1.21501 and 1.40937, respectively.

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Breaking the News / BU