European Stock Markets Retreat At Open
Faizan Hashmi 1 month ago Fri 14th August 2020 | 01:00 PM
London, (UrduPoint / Pakistan Point News - 14th Aug, 2020 ) :European stock markets fell at the start of trading on Friday, extending the previous session's losses over fears of a second wave in coronavirus cases and the stalemate in Washington over a new stimulus package for the US economy.
London's benchmark FTSE 100 index dropped 0.5 percent to 6,152.82 points, after the UK government reimposed a quarantine for travellers from France and the Netherlands, prompting Paris to quickly announce a "reciprocal measure".
"After a decent start to the week it looks like equity markets are finishing off rather meekly."The UK government announced the change will kick in at 0300 GMT on Saturday, likely sparking a mass exodus among the estimated 160,000 British holidaymakers in France, after a rise in coronavirus cases there.