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1/27, 3:50 PM (Source: TeleTrader)
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DAX declines 350 points as economic outlook worsens

Major European stock markets extended losses on Wednesday as the coronavirus pandemic continued to damage economies across the continent.

British Prime Minister Boris Johnson previously revealed that the government is planning to introduce tighter border controls to prevent the spreading of newly detected and more dangerous COVID-19 variants.

The DAX plunged 2.42% or 336 points at 3:57 pm CET, while the FTSE 100 tumbled 2.08% or 138 points. A minute later, the CAC 40 declined 1.74%. Meanwhile, the euro lost 0.77% against the dollar to sell for 1.20747, and the pound fell 0.39% to $1.36858.

Breaking the News / ND