TELETRADER News
1/15, 5:31 PM (Source: TeleTrader)
more TeleTrader news

Europe ends mostly lower after weaker-than-expected data

Stocks in Europe declined at the closing bell on Wednesday as traders digested the latest economic data from the EU and its two largest economies.

Germany's economy grew for the tenth consecutive year in 2019, but the latest data revealed that in the past fiscal year it expanded at the slowest rate in the past six years, landing at 0.6%. In the UK, consumer prices decreased slightly to 1.4% in December, rising modestly month-on-month but still well below the central bank's 2% target. Meanwhile, the euro area's international trade in goods surplus rose in November, reaching the figure of €20.7 billion, but still failed to meet market expectations.

The DAX declined by 0.18% at the close. Daimler led the losses on the Frankfurt stock exchange, its shares giving up 2.51% of the value. The CAC 40 retreated 0.19% as the session ended with Arcelormittal plummeting 2.81%. The British FTSE 100 was to the only to record gains, rising 0.27% as trading came to a close with Ocado Group leading the gains, jumping 2.65%.

The pound traded flat against the dollar, changing hands for 1,30266 at 5:31 pm CET.

Breaking the News / GG