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10/21, 9:03 AM (Source: TeleTrader)
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Europe opens lower on renewed virus concerns

Major stock markets in Europe opened lower on Thursday amid concerns about how new spikes in infections from COVID-19 throughout the continent will affect the forthcoming winter. The United Kingdom reported most cases of coronavirus observed in a single day in three months, while Ukraine reached new records in both infections and deaths linked to COVID-19 registered daily. Traders will also keep an eye on the upcoming preliminary report on consumer confidence in the Eurozone in September.

The DAX traded 0.71% lower at the opening as Continental AG fell by 2.15%. The FTSE 100 dropped by 0.45%, with Rio Tinto PLC going down by 2.69%. The CAC 40 decreased by 0.48% as Eurofins Scientific SE plunged by 6.68%.

The euro stood flat against the dollar at 8:57 am CET, selling for $1.16484. At the same time, the pound sterling lost 0.15% to the greenback to go for $1.38029.

Breaking the News / JR