Europe closes mostly lower amid data reveals

Thursday, 04. March 2021 17:31

Major stock markets in Europe closed mostly lower on Thursday as Eurozone retail trade data revealed a 5.9% drop, including a 12% fall in non-food product sales, while Europe's unemployment rate was reported stable on a monthly basis at 8.3% in January, despite growth forecasts. Meanwhile, France was approved to a program of long-term €20 billion funding for companies affected by the pandemic. The United Kingdom and the United States in an attempt to increase trade growth announced the suspension of tariffs on a range of goods, including Scotch whisky.

The DAX closed 0.17% lower as Infineon Tech lost 6.45%, while the FTSE 100 decreased by 0.38% led by Rio Tinto losing 8.66%. The CAC 40 grew 0.04% with Unibail-Rodamco-Westfield gaining 6.03%.

The euro lost 0.13% to the dollar to sell for $1.20472 at 5:36 pm CET. A minute later, the pound sterling gained 0.33% against the greenback, changing hands for $1.39982.

Related Links: 
Author:
Breaking the News / LH