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10/14, 7:38 AM (Source: TeleTrader)
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Europe mixed premarket with all eyes on COVID

Shares on major European stock markets were mixed in premarket trade on Wednesday as investors mainly focused on a resurgence in coronavirus cases across the continent as well as its impact on European economies. London Mayor Sadiq Khan unveiled that the British capital is set to tighten containment measures to curb the infection in the city, adding it is "inevitable" that the city will pass a "trigger point" in the coming days.

Chief economist of the International Monetary Fund (IMF), Gita Gopinath, noted that most countries are not likely to have its pre-pandemic GDP levels back before 2022, warning that the global economy is set to face a "deep recession" this year.

The DAX slid 0.08% at 7:30 am CET, while the CAC 40 in Paris stood flat at the same time. The FTSE 100 added 0.22%. The euro traded virtually unchanged against the greenback, changing hands for 1.17430 at 7:37 am CET.

Breaking the News / GA