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2/20/2020, 5:30 PM (Source: TeleTrader)
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Europe closes lower after ECB minutes, data

Stocks on the European markets closed lower on Thursday following the ECB Governing Council meeting minutes report which showed the bank anticipated positive, but modest economic growth in the Eurozone. Meanwhile, the European Commission reported that consumer confidence in the euro area slightly improved in February. In business news, British HSBC Holdings revealed plans to invest in the sector of the retail and private banking industry and EDPB warned Google’s takeover of Fitbit could create privacy risks.

The DAX closed 0.58% lower, with MTU Aero Engines' shares dropping 2.68%. The CAC 40 dropped 0.49% at the end pulled by Atos' 3.59% fall. The FTSE 100 ended 0.15% in the red. Imperial Brands PLC led the losses as its shares plunged 6.61%.

The euro traded 0.19% lower against the dollar, selling for $1.07907 at 5:34 pm CET. At the same time, the pound lost 0.34% against the greenback to go for $1.28804.

Baha Breaking News (BBN) / ND