TELETRADER News
7/1, 2:23 PM (Source: TeleTrader)
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Europe pares gains in choppy trading session

Major stock indexes in Europe pared previous gains in a volatile trading session on Friday, as the latest inflation data in the area seemingly weighed down the market sentiment.

Inflation in both the euro area and Italy reached record highs during the month of June, standing at 8.6% and 8% respectively.

The DAX fell 0.18% at 2:21 pm CET. London's FTSE 100 decreased 0.26% at the same time. The CAC 40 was down 0.08% a minute later. The euro lost 0.56% against the dollar at 2:22 pm CET, selling for 1.04240. The pound was 1.21% lower than the greenback to go for 1.20273 simultaneously.

Baha Breaking News (BBN) / AY