4/12, 9:01 AM (Source: TeleTrader)
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Europe opens mixed as COVID recovery uncertain

European markets opened mixed, as COVID-19 recovery plans for the economy and their effectiveness were in focus over the weekend. French Minister of State for European Affairs Clement Beaune cast doubts on European Union's recovery plans saying it wasn't enough, while the European Central Bank Executive Board member Fabio Panetta stated that the bank needed to reach its 2% inflation target, otherwise there may be economic damage in the future.

The DAX rose by 0.12% at 9:01 am CET, led by BMW which was up 0.89% at 9:07 am CET. CAC 40 was up by 0.03% at 9:01 am CET, with Teleperformance gaining 2.25% at 9:02 am CET. FTSE 100 was down by 0.26% at 9:00 am CET, with HSBC Holding plc falling 1.22% at 9:04 am CET.

The euro was 0.12% lower compared to the dollar at 9:09 am CET, trading for 1.18863. The British pound increased by 0.09% against the American currency, going for 1.37224 concurrently.

Breaking the News / OL