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7/19, 8:00 AM (Source: TeleTrader)
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Europe down premarket amid pandemic concerns

Major stock exchanges in Europe were lower in premarket trade on Monday as the resurgence of the coronavirus continued to weigh down on investor confidence. Over the weekend, British Housing Secretary Robert Jenrick revealed that the country's government "won't really expect this wave of the virus to peak until late August, maybe even early September," and the French authorities introduced a stricter set of rules for unvaccinated travelers coming from certain EU countries.

The DAX decreased by 0.75%, London's FTSE 100 lost 0.87% and the CAC 40 declined 0.77% at 8:00 am CET.

The euro was flat against the dollar at 7:59 am CET, trading at 1.18020. The British pound was 0.08% down compared to the American currency, going for 1.37530 at the same time.

Breaking the News / MS