Europe ends lower as coronavirus cases surge

Thursday, 13. February 2020 17:30

Equities on major European stock markets closed lower on Thursday as investors were watching a surge in the number of infected people with the coronavirus. European health ministers held talks earlier today on how to prevent the COVID-19 virus from further spreading all around Europe. Thyssenkrupp, Credit Suisse, Commerzbank, Nestle, Airbus and Barclays reported their quarterly earnings while the European Commission said in its Winter 2020 Economic Forecast that Eurozone's economic growth is expected to remain stable at 1.2% through 2020 and 2021.

The FTSE 100 dropped 1.09% at the end of the session with Centrica PLC falling 15.07%. The DAX stood flat. Siemens AG was the worst performer, tumbling 2.21%. The CAC 40 decreased by 0.36% as Capgemini declined by 3.45%.

The euro fell 0.21% against the dollar to sell for $1.10852 at 5:32 pm CET, while the pound jumped 0.72% to $1.30512 at the same time.

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Breaking the News / TF