4/21/2020, 5:30 PM (Source: TeleTrader)
more TeleTrader news

Europe closes in red with oil price in focus

European shares closed with losses on Tuesday as investors were watching the oil market volatility, corporate earnings and unemployment figures from the UK. President of Dutch central bank Klaas Knot insisted that countries that are most affected by the coronavirus crisis need to be supported through a pan-European policy response.

The data was however better than expected. Economic sentiment in Germany increased from a negative 49.5 to 28.2 points in Germany and 25.3 in the euro area in the current month. Also, the rate of unemployment in the United Kingdom stood at 4%.

The DAX plunged 3.88% at the end of trading as Infineon Tech AG led the losses, plummeting over 8%. The CAC 40 dropped 3.53% with Safran as one of the weakest performers. In London, the FTSE 100 lost 2.86%. Evraz Plc tanked over 10%.

Breaking the News / TF