Europe closes in the red after services data

Friday, 03. September 2021 17:30

Stock exchanges in Europe closed with losses on Friday after services sector activity data reports from Germany, the Eurozone and the United Kingdom, as well as euro area retail sales figures, all failed to meet expectations. Meanwhile, the European Commission and AstraZeneca reached an agreement on coronavirus vaccine delivery, reportedly ending the legal process over the issue.

The DAX decreased by 0.37% at the close, as Delivery Hero dropped 1.93% and led the losses. London's FTSE 100 was down 0.35% at the end of the trading session with its worst performer, grocery retailer Ocado Group, falling 3.78%. In Paris, the CAC 40 closed 1.08% lower, pulled down by Worldline's 3.33% drop.

The euro was flat against the dollar, selling for 1.18792 at 5:32 pm CET, while the pound rose by 0.20% compared to the greenback, changing hands for 1.38593 concurrently.

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Breaking the News / MS