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8/30/2018, 5:34 PM (Source: TeleTrader)
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Europe closes lower amid trade negotiations

Major stock markets in Europe closed lower on Thursday as the United States and Canada continue negotiations on replacing the North American Free Trade Agreement (NAFTA). Meanwhile, the European Union's Trade Commissioner Cecilia Malmstrom said the union is "ready to go to zero tariffs on all industrial goods" if the US does the same. German inflation increased 2% in August, while the unemployment rate stood at 5.2%. Consumer confidence for the Eurozone fell due to consumers' views on the future financial situation as well as the general economic situation.

The FTSE 100 closed 0.64% lower. Vodaphone Group Plc declined 3.43%.

The DAX ended the session 0.55% down. Fresenius Medical Care slipped 3.02%.

The CAC 40 lost 0.32% at the closing bell. Unibail-Rodamco-Westfield SE lost 4.26% following its earnings report.

The euro fell 0.49% compared to the dollar and sold for $1.16512 at 5:34 pm CET, while the pound traded 0.21% lower against the dollar and sold for $1.2998.

Breaking the News / DJ