9/20, 10:45 AM (Source: TeleTrader)
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Europe extends losses amid global selloff

Equities in Europe continued their fall on Monday, following the downward trend set by markets in the United States and the Asia-Pacific region. Investors will also be looking towards the US Federal Reserve Open Market Committee meeting which starts tomorrow, where officials might discuss a potential taper of its monetary policy.

The DAX fell 2.19% at 10:40 am CET, with Deutsche Bank declining 5.01 % at the same time. The FTSE 100 was down by 1.47% a minute later, led by Prudential plc dropping 7.06%. The CAC 40 traded 2.17% lower at 10:42 am CET.

The euro lost 0.13% against the dollar trading for $1.17101 at 10:43 am CET, while the pound decreased 0.44% against the American currency trading for $1.36764 concurrently.

Breaking the News / OL