[Europe Open] Decline Starts on News of Failed Agreement on Joint COVID-19 Response Measures
[Asia Economy Reporter Naju-seok] European stock markets opened lower on the 8th due to the fallout from the Eurogroup, the Eurozone (19 countries using the euro) finance ministers' failure to agree on a stimulus package.
On this day, the pan-European STOXX600 index started trading down 0.67% at 324.42. The UK FTSE index fell 0.9% to 5653.24, the German DAX index dropped 0.48% to 10,307.31. The French CAC index was trading down 1.4% at 4376.27.
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Mario Centeno, chairman of the Eurogroup, posted on his Twitter account, "Ministers have come close to an agreement but have not yet reached one." He added that further discussions are scheduled for the 9th. The Eurogroup plans to hold another meeting on the 9th.
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