European equities off to a rough start to the day

Red across the board at the open

  • Eurostoxx -2.9%
  • Germany DAX -4.0%
  • France CAC 40 -1.6%
  • Spain IBEX -2.3%
  • UK FTSE -2.6%

The pain train continues after a brief reprieve amid all the fiscal talk yesterday. It is sort of a reality check to investors that the current environment is still going to get worse before it gets any better - especially when lockdown measures may necessarily end in a few weeks.

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