European markets open in red amid COVID concerns
Major stock indexes in Europe started the week lower as worries regarding the coronavirus pandemic and the bloc’s slow process of inoculation stumbled investor confidence. The head of the Russian Direct Investment Fund revealed that Moscow is in negotiations with Austria over the potential manufacturing of Sputnik V in the European country.
The FTSE 100 was down 0.21% at the opening bell. Smith & Nephew plc dipped 4.24%. The DAX dropped 0.96% at the same time, with Continental AG decreasing 3.86%. The CAC 40 surrendered 0.72% as Dassault Systemes SE declined 1.99%.
The euro and the pound lost 0.07% and 0.09% against the dollar at 8:59 am CET, selling for $1.21083 and $1.39933 respectively.
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