10/30/2020, 7:29 AM (Source: TeleTrader)
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Europe plunges premarket amid coronavirus concerns

European stock markets were considerably lower in premarket trade on Friday as another comprehensive coronavirus pandemic-caused lockdown was set to take effect in France. Meanwhile, Germany and Belgium documented new highs in the number of daily COVID-19 infections. On the other hand, German Chancellor Angela Merkel urged yesterday for the European Union borders to remain open due to their economic significance, while European Commission President Ursula von der Leyen revealed that the bloc was negotiating three more vaccine deals.

The DAX dropped 1.91% and London's FTSE 100 declined 1.32% at 7:28 am CET. The CAC 40 was down 1.72% at 7:30 am CET.

The euro was flat compared to the dollar at 7:28 am CET, trading at 1.16802. The British pound declined 0.20% against the American currency, going for 1.29037 concurrently.

Baha Breaking the News (BBN) / MS