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5/22, 7:46 AM (Source: TeleTrader)
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Europe drops in premarket, virus remains in focus

Shares on major European markets dropped in premarket trading on Friday as investors continued to monitor the coronavirus pandemic. As countries reopen following months of shutdowns, market watchers assessed the economic damage inflicted by the virus. In China, the government decided against setting its annual target for economic growth due to heightened uncertainty.

The DAX dropped 1.33% at 7:30 am CET, while the FTSE 100 fell 1.19%.

The euro lost 0.22% against the dollar at 7:40 am CET, buying 1.09250. At the same time, the pound declined 0.07% versus the US currency, to go for 1.22116.

Breaking the News / JC