10/15, 5:30 PM (Source: TeleTrader)
more TeleTrader news

Europe closes lower as number of COVID cases rise

Major European stock markets closed lower on Thursday as public health restrictions came back to life across Europe due to a new wave in coronavirus infections. World Health Organization's Regional Office for Europe asserted that the situation on the continent regarding the coronavirus pandemic is a reason for "great concern." French Economy and Finance Minister Bruno Le Maire promised the industry facing severe crisis amid the coronavirus pandemic would receive the government's help worth €1 billion to prevent further financial losses.

The DAX traded 2.64% lower at the closing with Fresenius SE falling by 4.27%. The FTSE 100 sank 1.80%. Burberry Group Plc was the worst performer slipping 4.50%. The CAC 40 declined by 2.09% as Unibail-Rodamco-Westfield decreased by 5.19% as AXA went down by 4.92%.

The euro fell 0.41% against the dollar to sell for $1.16999 at 5:28 pm CET. At the same time, the pound sterling decreased by 0.66% in comparison to the greenback to exchange hands for $1.29225.

Breaking the News / TF