7/27/2020, 9:02 AM (Source: TeleTrader)
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Europe opens mixed as earnings season continues

European stock markets started Monday's trading mixed as the coronavirus crisis remained in focus amid the corporate earnings season. Before the bell, SAP and Ryanair announced their quarterly results. ECB Executive Board Member Fabio Panetta warned the Eurozone's economy won't fully recover until 2023.

The DAX started 0.22% in the green at 9:02 am CET as Wirecard surged 20.13% at 9:13 am CET but remains significantly below levels it was on before its fraud scandal. The FTSE 100 declined 0.21% at 9 am CET, with International Consolidated Airlines Group falling 6.57% at 9:02 am CET. The CAC 40 was down 0.28% at 9 am CET as Safran which declined 1.33% at 9:03 am CET led the losses.

The euro gained 0.43% compared to the dollar as it went for 1.170521 at 9:04 am CET. The pound was up 0.19% at 9:05 am CET, changing hands for 1.28196 compared to the greenback.

Breaking the News / VP