TELETRADER News
9/21, 5:30 PM (Source: TeleTrader)
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Europe closes in red amid selloff

Major stock indexes in Europe finished the first trading session of the week as the rising number of coronavirus infections weigh on investor sentiment. European Central Bank President Christine Lagarde warned that the economic recovery from the pandemic-caused crisis is still "uncertain, uneven, and incomplete." Meanwhile, the possibility of a no-deal Brexit seemed to be rising amid spat over Britain's Internal Market Bill, prompting companies to continue leaving the United Kingdom.

The FTSE 100 fell 3.38% at the closing bell. IAG S.A slid 12.08%. The DAX tumbled 4.37%, with Deutsche Bank AG dropping 8.76%. The CAC 40 decreased 3.74% as ArcelorMittal SA decreased 8.39%.

The euro traded 0.87% lower against the greenback, going for 1.17375 at 5:29 pm CET. The pound lost 0.99% at the same time to sell for 1.27885 dollars.

Breaking the News / MD