TELETRADER News
12/7/2023, 5:30 PM (Source: TeleTrader)
more TeleTrader news

Europe closes mostly lower after GDP data

Major European stock exchanges closed with mostly lower results on Thursday after the Eurozone's gross domestic product was confirmed to decrease by 0.1% in the third quarter of the year. Earlier during the day, German industrial production showed a drop of 0.4% in October while house prices in the United Kingdom increased monthly by 0.5%. Swiss unemployment went up to land at 2.1% in November.

At the close, the German DAX lost 0.16%, with Commerzbank AG decreasing 4.14%. The pan-European Euro Stoxx 50 finished 0.21% lower with Adidas slipping 2.99%. Besides, the French CAC 40 fell 0.10% as Teleperformance traded 2.56% lower. The FTSE 100 closed flat.

The euro was up by 0.26% against the dollar at 5:30 pm CET, selling for $1.07905. Meanwhile, the pound gained 0.14% to be sold for $1.25733 simultaneously.

Baha Breaking News (BBN) / AC