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10/13, 5:30 PM (Source: TeleTrader)
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Europe closes lower on virus uncertainty, vaccine news

European markets closed in the red on Tuesday amid continued concerns over the coronavirus pandemic and news that Johnson & Johnson paused the clinical trial of its potential COVID-19 vaccine.

Rising virus cases led the United Kingdom to introduce a new three-tiered system of restrictions to combat the spread of COVID-19. In the United States, there was little progress regarding the next economic relief package as Democrats and the White House remained far apart in their proposals.

The DAX ended the session in Frankfurt 0.91% lower as Bayer led the losses. The CAC 40 fell 0.64% with banks posting the largest losses. In London, the FTSE 100 lost 0.53%; Rolls-Royce Holdings tanked over 5%. The euro sank 0.59% against the dollar at 5:45 pm CET, buying 1.17433. At the same time, the pound dropped 0.73% versus the greenback, to go for 1.29672

Breaking the News / JC