Europe drops at close after discouraging data

Thursday, 16. July 2020 17:31

Stock markets in Europe closed in the red on Thursday after the European Central Bank decided to leave the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25%, and -0.50%, respectively. UK unemployment rate rose to 3.9% in May and it is reported that the Eurozone exports of goods decreased 30% year-over-year to stand at €143.3 billion.

The DAX lost 0.38% at 5:30 pm CET, as Wirecard went down by 6.87%. The FTSE 100 declined 0.61% at 5:29 CET, with Melrose Industries falling 4%. The CAC 40 in Paris dropped 0.42% at 5:31 CET. Airbus led the losses, plummeting 3.16%.

The euro was 0.16% higher compared to the dollar at 5:28 pm CET, trading at $1.14292. A minute later, the pound increased by 0.14% against the American currency, going for $1.26050.

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Breaking the News / TF