10/15, 9:04 AM (Source: TeleTrader)
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Europe opens lower as COVID-19 cases rise

Equities on major European stock markets were deep in the red territory at the open on Thursday after several countries in Europe documented record daily increases in newly registered coronavirus cases. Germany's Head of Chancellery Helge Braun said that the virus containment measures adopted yesterday won't suffice. However, German Minister of Health Jens Spahn pointed out that the government will still prioritize keeping schools open and the economy running.

The DAX dropped 1.53% at 9:03 am CET. BMW led the losses, decreasing by 2.51% at 9:07 am CET. London's FTSE 100 was down 0.78% at 9:00 am CET as IAG plunged 4.48% at 9:02 am CET. The CAC 40 fell by 1.37% at 9:04 am CET with Societe Generale as the worst performer, losing 2.30% at 9:04 CET.

The euro was 0.08% lower compared to the dollar at 9:07 am CET, trading at 1.17358. The British pound declined by 0.15% against the American currency, going for 1.29938 concurrently.

Breaking the News / MS