European stocks finish lower on trade, data

Wednesday, 13. November 2019 17:30

Equities on major European stock markets closed in the red on Wednesday with the latest economic data, as well as the ongoing trade war, in focus. Eurostat's release showed industrial production in the euro area increased by just 0.1% in September. The United Kingdom's Office for National Statistics reported consumer prices rose 1.5% in October, while producer prices for the same month dropped to 0.8%. Meanwhile, Germany's Economy Minister Peter Altmaier asserted the country hasn't discussed giving Tesla Inc. any subsidies for the construction of its Gigafactory, stating the automaker will be treated like all other car companies.

The FTSE 100 was down 0.19% at the end of the trading session, as British Land Company plc and Hargreaves Lansdown plc losing the most, as both companies decreased 3.30%. The DAX fell 0.40%. Deutsche Bank AG finished 4.44% bellow the flatline. The CAC 40 slipped 0.21%, with Saint Gobain SA tumbling 3.25%.

The euro and the pound were flat against the dollar at 5:29 pm CET, changing hands for $1.10016 and $1.28416 respectively.

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