European markets open lower as coronavirus concerns persist

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European markets open lower as coronavirus concerns persist
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European markets set for slightly lower open as coronavirus concerns persist

fell 0.5% at the start of trading, oil and gas stocks dropping 1.1% to lead losses as all sectors except technology slid into negative territory.

The U.S. saw infections rise again on Thursday, with California and Florida among 12 states breaking records on seven-day averages for daily new cases, The Australian city of Melbourne is in lockdown once again following a spike in cases as Australian authorities consider slowing the return of citizens amid an outbreak in the state of Victoria, Reuters reported Thursday. Meanwhile, all schools in Hong Kong will be closed from Monday after a spike in locally-transmitted coronavirus infections, Reuters reported Friday.

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