7/27, 9:01 AM (Source: TeleTrader)
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Europe opens lower with focus on pandemic, earnings

Major stock markets in Europe opened lower on Tuesday, as investors are still fearful of the effects the pandemic is having on the shape of the economy. The fourth wave is ongoing in Europe, but some signs are indicating that it is slowing down, with cases in the United Kingdom for instance dropping for six days in a row. Meanwhile, earnings season continued with Tesla posting its revenue last night, and Microsoft, Alphabet, and Apple set to unveil theirs later today.

The DAX opened 0.52% in the red, led by BMW dropping 1.17%. The FTSE 100 was 0.15% lower at the opening bell, as Scottish Mortgage Investment Fund plc losing 2.56%. The CAC 40 began the session down by 0.20%, with Wordline SA falling 6.03%.

The euro lost 0.14% against the dollar trading for $1.17858 at 9:03 am CET, while the pound dropped 0.10% against the American currency changing hands for $1.38053 a minute later.

Breaking the News / OL