10/15, 7:31 AM (Source: TeleTrader)
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Europe down premarket as second wave gains speed

Shares on the major stock market indexes in Europe traded lower in the premarket on Thursday as the coronavirus pandemic's second wave prompted fear among traders.

Both Germany and the United Kingdom marked their highest jumps in daily COVID-19 cases, while the French government announced that a state of emergency will be introduced on October 17 in order to get the virus spread under control. The investors will also keep an eye on the latest developments in the Brexit talks with the European Council meeting scheduled to start after the session's open.

The DAX dropped 0.59% at 7:31 am CET, while the FTSE lost 0.52% at the same time. In Paris, the CAC 40 was down 0.2% at 8 am CET. The euro and the pound both strengthened modestly versus the dollar, rising 0.07% at 7:34 am CET, and selling for $1.17539 and $1.30208, respectively.

Breaking the News / BU