Europe settles mostly lower

Friday, 11. November 2016 17:58

European equities closed in the red on Friday except for the German DAX that finished 0.36% higher. Deutsche Bank’s shares jumped 4.57% on reports that it could get a better deal on settling an investigation into residential mortgage-backed securities with the Department of Justice under the presidency of Donald Trump.

The CAC 40 lost 0.92%. The worst performer was LafargeHolcim declining 3.1%. Lafarge and Holcim have started the merger process of their cement companies in Bangladesh in accordance with their global plan.

The FTSE 100 fell 1.43%. Fresnillo plunged 7.53%.

The euro lost 0.4% against the dollar, changing hands for 1.0842 at 5:55 p.m. CET. At the same time, sterling gained 0.42% against the greenback, buying 1.2601.

 

Image: EPA / Andy Rain

 

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Breaking the News / DN