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

Europe closes in red as states pledge relief funds

European stock markets closed lower on Monday as multiple countries and organizations throughout the world announced they will contribute funds to the global coronavirus response budget for the development of drugs and vaccines used against COVID-19.

The FTSE 100 finished trading 0.16% lower on the news the United Kingdom will tomorrow start negotiations with the United States on a new bilateral trade agreement. British airliner easyJet fell 7.57%. Meanwhile, discouraging German data pulled the DAX deep into the red, as the index sank 3.64% or 394 points at the closing bell. German MTU Aero Engines tumbled 9.25%. The CAC 40 plunged 4.24% or 193 points as the session ended. French supermajor Total S.A. plummeted 7.64%.

The euro lost 0.61% versus the dollar to sell for $1.09152 at 5:36 pm CET, while the pound concurrently dropped 0.53% compared to the greenback to go for $1.24276.

Baha Breaking News (BBN) / ND