Europe closes mostly lower after data

Thursday, 05. December 2019 17:30

European equities finished trading mostly lower on Thursday after GDP data and retail sales figures for the euro area were released.

According to Eurostat, the Eurozone economy improved marginally in the third quarter, rising by 0.2%, while retails sales fell 0.6% in October.

In other news, the Organization of the Petroleum Exporting Countries (OPEC) and allied producers are meeting in Vienna to discuss an extension to output caps and possible further cuts.

The DAX lost 0.65% as Siemens and Beiersdorf led the losses. Over on the Euronext, the CAC 40 finished trading flat. The FTSE 100 dipped 0.70%; Glencore plunged 9% following an announcement the mining giant is being investigated over "suspicions of bribery."

The euro gained 0.19% against the dollar at 5:40 pm CET, buying 1.11004, while the pound advanced 0.40% versus the greenback to go for 1.31568.

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Author:
Breaking the News / JC