2/26, 5:33 PM (Source: TeleTrader)
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Europe closes mostly higher amid COVID-19 developments

Equities on major European markets closed mostly higher on Wednesday after Greece became the most recent European Union member state to report a novel coronavirus (COVID-19) case, while European Central Bank's policymaker Robert Holzmann expects that the economy won't suffer long term consequences due to the outbreak. Meanwhile, EU's chief negotiator Michel Barnier warned that not much time remains for a post-Brexit trade accord with the United Kingdom to be reached. In business news, Groupe PSA and Rio Tinto released their latest earnings reports.

The DAX decreased by 0.12% at 5:30 pm CET as Fresenius led the losses, declining by 2.17% at the same time.

London's FTSE 100 was 0.34% up at 5:29 pm CET. Nmc Health plc was the best performer, surging by 6.79% concurrently.

The CAC 40 increased by 0.08% at 5:31 CET as Thales Group jumped 6.12% at 5:29 CET.

The euro was 0.07% higher compared to the dollar at 5:37 pm CET, trading at 1.08895. The British pound added 0.58% against the American currency, going for 1.29245 one minute later.

Breaking the News / MS