Europe closes mostly higher on strong data

Tuesday, 07. January 2020 17:30

Equities on major European stock markets finished trading mainly higher on Tuesday after several important economic data releases. European Union's statistical office Eurostat reported inflation stood at 1.3% in December, while retail sales rose 1% in November. In business, Daimler AG was expected to pay up to €1.8 billion in damages related to the Dieselgate scandal. Meanwhile, Aston Martin Lagonda Global Holdings plc issued a downwardly revised profit outlook.

The FTSE 100 and the CAC 40 both closed flat at the end of the session. On the index in London, Nmc Health plc was the worst, while Ocado Group plc was the best performer. In Paris, Atos gained the most, while L'Oreal S.A. suffered the biggest losses. The DAX was up 0.76%, as Infineon Technology AG increased 4.96%.

The euro dropped 0.50% against the dollar to sell for 1.11376 at 5:29 pm CET. The pound surrendered 0.39% against the greenback at the same time, to go for $1.31154.

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Author:
Breaking the News / MD