Europe ends mostly lower amid earnings season

Thursday, 14. February 2019 17:32

European markets finished a day of trading mostly in the red on Thursday as investors digested a string of corporate earnings reported during today's session. Renault, Credit Suisse, Nestle and Airbus, Commerzbank, Credit Agricole were among firms that released its quarterly results earlier today. Meanwhile, Germany said its gross domestic product (GDP) in the fourth quarter of 2018 remained virtually unchanged, standing at 0.9%. Market watchers also remained focused on Brexit developments in the United Kingdom.

In Germany, the DAX finished 0.63% lower. Bayer was the main loser, down 4.04%, followed by Deutsche Boerse that lost 3.20%.

French CAC 40 declined 0.09% at end of the trading session. Airbus was among the main advancers, up 3.20% after reporting strong results.

London's FTSE 100 was the only major European index trading higher, up 0.22% at the close.

The euro gained 0.10% against the US dollar to go for 1.1276 at 5:35 pm CET while it rose 0.60% against the British pound to sell for 0.8821 at the same time.

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Breaking the News / VK