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1/24, 9:01 AM (Source: TeleTrader)
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European markets open lower on COVID-19 fears

Stock markets in Europe started the first trading session of the week in the red territory after the seven-day coronavirus incidence rate rose to another all-time high in Germany. Investors also monitored the latest developments in Eastern Europe, Philips's fourth-quarter earnings report and awaited the latest manufacturing and services sector data from Germany, the Eurozone, and the United Kingdom.

The DAX contracted by 0.70% at 9:00 am CET as Sartorius fell by 2.07% and lead the losses a minute later. London's FTSE 100 was 0.44% lower at 9:00 am CET with Barratt Developments, its worst performer, decreasing 3.62% at 9:01 am CET. The CAC 40 declined 0.71% at 9:00 am as Saint-Gobain lost 2.59% at 9:02 am CET.

The euro was down 0.17% against the dollar, selling for 1.13228 at 8:59 am CET. The British pound decreased by 0.08% in comparison to the greenback, going for 1.35425 at the same time.

Baha Breaking News (BBN) / MS