European stocks seen lower amid COVID-19 concerns

06.10.2020 - Kulakov Vladimir
European stocks seen lower amid COVID-19 concerns

European stock markets traded lower on Tuesday over uncertainties of the COVID-19 crisis, despite positive signs of recovery in German manufacturing sector.

Germany’s DAX futures fell by 0.1% at 3:45 AM ET (0745 GMT). France’s CAC index slipped by 0.1%, while FTSE futures in the U.K. lost 0.5%.

Puma dropped 2.8% after French luxury group Kering completed the sale of a 5.9% stake in the German sports gear maker for approximately €656 million ($772 million).

Premier Oil’s shares soared by 12% after announcing plans to merge with Chrysaor, bringing together two of the largest U.K. North Sea oil and gas producers.

Meanwhile, German industrial orders saw a rise for a fourth month, climbing 4.5% in August, generating hopes that Europe’s largest economy is gradually recovering from the impacts of the virus.

However, the resurgence of COVID-19 in some parts of the world has led to over 35 million affected, adding to a death toll of more than a million.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?