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2/23, 5:33 PM (Source: TeleTrader)
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Europe closes mostly up despite economic uncertainty

Equities on major European stock markets were mostly up at the closing bell on Tuesday despite a trend seen in Asia and the United States. Federal Reserve Chair Jerome Powell said that the United States economy is still not close to reaching employment and inflation goals. On the data front, the inflation in the Eurozone amounted to 0.9% in January, up 1.2 percentage points compared to the month before while the rate of unemployment in the United Kingdom stood at 5.1% in the three months to December.

The DAX in Frankfurt declined 0.61% to end the session with losses as Deutsche Post AG surrendered over 3% concurrently. The FTSE 100 finished 0.08% higher with British Land Company Plc rising by 5.55%. The CAC 40 in Paris went up by 0.10% at the closing bell. Safran jumped by 3.27%.

The euro added 0.07% to go for $1.21595 at 5:25 pm CET, while the pound advanced 0.29% at the same time, changing hands for $1.41008.

Breaking the News / TF