4/3/2020, 5:31 PM (Source: TeleTrader)
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Europe down at close as virus troubles persist

European markets closed lower on Friday as countries kept registering high numbers of coronavirus cases across the continent, with the latest updates released by the United Kingdom, Netherlands and Spain. Due to the ongoing outbreak, the European Union is considering extending the border closure period beyond April 12.

When it comes to the data, both Germany and the UK reported a decrease in economic activity last month, while the Eurozone shared similar results.

The DAX closed 0.47% lower, as MTU Aero Engines AG decreased by 5.31%. The FTSE 100 declined 1.29% to end the session, with Legal & General Group PLC plunging 10.14%. The CAC 40 slumped 1.61% at the closing bell. URW led the losses, falling 8.29%.

The euro lost 0.69% versus the dollar to sell for $1.07927 at 5:32 pm CET, while the pound concurrently dropped 1.29% against the greenback to go for $1.22391.

Baha Breaking News (BBN) / ND