10/27/2020, 9:03 AM (Source: TeleTrader)
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Europe opens mixed with all eyes on COVID-19

Major European stock markets started the day mixed after suffering significant losses over the previous day. The coronavirus pandemic remained in focus, as both France and Germany reportedly considered tightening restriction measures in an effort to curb the outbreak.

Meanwhile, the earnings season continued, with companies such as Novartis International AG, BP plc and Banco Santander announcing their financial results for the third quarter of the year.

The DAX gained 0.20% at the open, with SAP SE rising 2.07%. However, the DAX turned to losses shortly after the session started. On the other hand, the FTSE 100 lost 0.11% as Flutter Entertainment PLC decreased by 1.68%. The CAC 40 declined by 0.12%. Kering led the losses, tumbling 1.07%. The euro traded 0.11% higher against the dollar to sell for $1.18229, while the pound stood flat at $1.30192.

Baha Breaking the News (BBN) / ND