Europe ends lower despite the stimulus optimism

Wednesday, 21. October 2020 17:02

Major European stock markets finished Wednesday's trading session in the red in spite of the US stimulus optimism. The renewed optimism for the prospects of stimulus talks in the US failed to materially boost sentiment.

The DAX fell by 1.05% with Delivery Hero plunging by 3.43%. The CAC 40 declined by 0.90% as Unibal-Rodamco went south by 4.05%. The FTSE 100 went down by 1.69%. International Consolidated Airlines group was the worst performer slipping by 5.76%.

The euro was up 0.46% against the dollar at 4:57 pm CET, buying 1.18751. The pound jumped 1.69% compared to the US currency, to go for 1.31652 at the same time.

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Breaking the News / TF