FXstreet.com (Barcelona) - European markets are feeling the pressure from swine flu and main indexes are going through losses at the opening. Euro and Pound attempt recovery after declines in Asian session.
Eurostoxx 50 Index drops 1.71% with German DAX Index 1.57% down, and French CAC 1.62% down and London FTSE Index 1.51% down, short after the opening.
Swine flu outbreak seems to be the hot topic on the markets today. In one hand, shares of pharmaceutical firms such as Roche or GlaxoSmithKline are rising, while European trade and leisure companies, especially airlines, are being hit.
Euro and Pound attempt recovery
The Euro has found support at 1.3120 on Early European session and has reached a maximum level at 1.3185, the Euro trades now at 1.3170.
The Pound has dropped to a 1.4515 low from its opening price at 1.4661, and during the European session so far GBP/USD has reached 1.4572 high, at the time of writing, the Pound trades at 1.4560.
USD/JPY remains trading in a range from 96.50 to 96.90 after its decline from 97.12 high reached on early Asian session.
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