premarket as Germany opposes coronabonds
Equities on major
European stock markets ticked lower in premarket on Friday as coronavirus
worries persist continentwide.
Germany and the
Netherlands opposed coronabonds as a potential response to the COVID-19 crisis
following European Central Bank President Christine Lagarde claims that the
Eurozone finance ministers should “seriously consider” it.
Meanwhile, the United
Kingdom’s Society of Motor Manufacturers and Traders (SMMT) expects the
country’s vehicle output to slump 18% in 2020 with coronavirus impact looming
over the European car industry.
The FTSE 100 in
London dropped 1.60% at 7:45 am CET while the DAX lost 0.57% at the same time.
The CAC 40 went down by 0.61% at 8:02 am CET.
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