Europe opens lower after G20 meeting

Market Reports | Business | Economy | Markets 3/20/2017, 9:07 AM
Europe opens lower after G20 meeting

European markets opened with losses on Monday as investors digested the outcomes of the G20 meeting over the weekend and kept an eye on European politics ahead of the first presidential debate in France. Additionally, during the day, finance ministers from the European Union are gathering for a Eurogroup meeting.

The DAX was 0.29% in the red at 9:07 am CET. The biggest losses came from Deutsche Bank stocks, which fell 1.32% at 9.13 am CET to €17.63 per share. On Sunday, the bank announced plans to raise €8 billion by issuing 687.5 million new shares. The new stock will be offered at €11.65.

The EuroStoxx 50 declined 0.33% at 9:07 am CET.

France’s CAC 40 lost 0.34% at 9:07 am CET. Total led the losses by falling 1.77% at 9:03 am CET.

The FTSE 100 decreased by 0.31% at 9:08 am CET, with miners among some of the worst performers. Glencore lost 0.95% at 9:02 am CET.

The euro rose 0.25% against the dollar to go for 1.07668 at 9:14 am CET. The pound increased 0.20% against the greenback and changed hands at 1.24214 at 9:15 am CET.

TeleTrader Newsroom / VP


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