12/5/2023, 5:36 PM (Source: TeleTrader)
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Most European markets up at close after data

Most stock exchanges in Europe closed in the green territory on Tuesday after a string of stronger-than-expected business activity figures in several European countries, with the DAX in Frankfurt reaching a new record just before the end of trading. In addition, Eurozone producer prices dropped 9.4% year on year in October, signaling that overall inflation in the regional economy may ease further in the future.

The DAX gained 0.78% at the close as its best performer Daimler Truck jumped 3.43%. The FTSE 100 closed 0.31% lower and Endeavour Mining dropped 4.44%. The CAC 40 was up 0.74% at the end of trading with BNP Paribas advancing 2.21%. The EURO STOXX 50 closed with a 0.86% increase as Bayer rose by 2.90%.

The euro fell by 0.44% to $1.07877, while the pound was down 0.28% to $1.25962 at 5:34 pm CET.

Baha Breaking News (BBN) / MS