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Europe Opens Mostly Lower On Thursday

A picture taken with a zoom effect shows the CAC 40 amongst stock tickers displayed at the headquarters of the Pan-European stock exchange Euronext in La Defense district, near Paris, on April 27, 2018. / AFP PHOTO / ERIC PIERMONT

Major European stock markets opened mostly lower on Thursday as investors fear that a second wave of infections in Europe could dampen the economic recovery, while continued to monitor negotiations for a new coronavirus relief package in the US.

Meanwhile, the US Federal Reserve left monetary policy unchanged and pledged to support the world’s largest economy, while warning that the ongoing public health crisis posed considerable risks to the economic outlook over the medium term.

The reports on Germany’s gross domestic product (GDP) in the second trimester of 2020, as well as on its unemployment rates and consumer price index (CPI) for July are also expected to be released later in the day.

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