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European Stocks Lower as Trump Tested Positive For Coronavirus

Adel 2 October, 2020 12:40 pm Global Stock Market, Market Update

European stocks retreated after US President Donald Trump tested positive for Covid-19, which negatively affected stock markets around the world.

The pan-European STOXX 600 index fell 1%. The German DAX index and the French CAC 40 index fell 1.3%, while the British FTSE 100 index fell 1%.

Today, Friday, Trump said that he and first lady Melania Trump had tested positive for the new Coronavirus and that they would be quarantined, just weeks before the presidential elections scheduled for November 3.

The shares of chemicals, mining, oil and gas were the main decliners in early trade, falling between 1.3 and 1.5%.

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