Europe’s stock exchanges shifted to decline after rally amid coronavirus situation
The leading stock indices in Europe closed in the negative zone. At the end of the trading session the DAX (Germany) fell by 0.8%, FTSE 100 (UK) - by 1.09%, CAC 40 (France) - by 0.78%. The reason of of negative dynamics continues to be the situation with the coronavirus in the world - the number of diseases is still high. As reported by Johns Hopkins University, during the entire period of of the spread of the disease has exceeded 90 million. This is the third time a strict quarantine has been imposed in the UK, with the capital city recently declaring a national emergency due to the level of the disease. According to experts, the weakening pound sterling is holding back an even bigger drop in the FTSE 100 index. According to Spreadex analyst Connor Campbell, quoted by Reuters, the only thing that prevented the British index to fall harder is that the main blow took the national currency.