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1/30/2020, 5:30 PM (Source: TeleTrader)
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Europe ends lower as coronavirus infection surpasses SARS

Equities on major European stock markets closed in the red on Thursday as investors digested mixed earnings and economic data in the background of rising coronavirus concerns. Bank of England announced it was keeping the interest rates unchanged. Royal Dutch Shell plc, Unilever plc., Volvo Car Group, F. Hoffmann-La Roche AG and Deutsche Bank AG reported their quarterly revenues.

In addition, statistics showed the unemployment rate in January decreased both in the Eurozone and in Germany on a monthly basis. Business sentiment also improved in the Euro area, while inflation in the biggest European economy fell 0.6% in the first month of 2020.

The FTSE 100 dropped 1.36% at the end of the session. Bt Group plc was the worst performer, tumbling 8.11%. The DAX lost 1.41%, with Volkswagen AG falling 3.48%. The CAC 40 decreased 1.40%, as TechnipFMC plc declined 6.82%.

The euro gained 0.21% against the dollar to sell for $1.10299 at 5:29 pm CET, while the pound jumped 0.63% to $1.30978.

Breaking the News / MD