4/14/2020, 5:31 PM (Source: TeleTrader)
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Europe closes mixed as investors focus on COVID-19

European shares ended Tuesday's session mixed, as the DAX gained 142 points following a short break in trading on Xetra due to a technical error. Meanwhile, investors are expecting that coronavirus lockdowns are working and are hoping for an improvement in the COVID-19 crisis.

On the economy front, the Office for Budget Responsibility (OBR) forecast that the gross domestic product of the United Kingdom could plunge by 35% in the second quarter of 2020 due to the ongoing coronavirus pandemic.

The DAX rose 1.34% at the close with Wirecard AG and Infineon up 8% and 3.75% respectively, while the CAC 40 moved up 0.53% as Danone rose 4.16%. On the other hand, the FTSE 100 slid 0.87% at the same time with AstraZeneca advancing 6.81%.

The euro moved up 0.44% against the dollar, selling for $1.09602, while the pound also rose 0.75% to $1.26002 at 5:35 pm CET.

Breaking the News / BJ