6/30, 5:30 PM (Source: TeleTrader)
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Europe closes mixed after data, EU borders opening

Major European markets closed mixed on Tuesday after economic reports showed modest results. Eurozone inflation rose to 0.3% in June, while the United Kingdom GDP dropped 2.2% in the first quarter of the year. ECB's Board Member Isabel Schnabel said the recovery from the crisis will be slow, whilst Bank of England's Andrew Haldane foresaw a "V-shaped scenario" for the UK's economy.

In the meantime, the European Union opened its borders for 14 countries, which do not include the United States, Russia, and China.

The DAX surged 0.84% at the closing with Wirecard AG growing by 75.77%. The CAC 40 stood flat 0.04%. The FTSE 100, on the other hand, dropped by 0.62% as Royal Dutch Shell PLC declined by 3.45%. The euro increased by 0.07% compared to the dollar, with the exchange rate of 1.12491 at 5:27 pm CET.

Breaking the News / JR