Europe falls 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.
FTSE 100 SHORT (Sell)
ENTER AT: 5808.1