6/19/2020, 5:31 PM (Source: TeleTrader)
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Europe closes in green after EU recovery meeting

Major European stock markets closed higher on Friday after the European Union member countries' meeting over the fund planned for the economic recovery from the coronavirus pandemic, which European Commission President Ursula von der Leyen described as "very positive." Meanwhile, the British Office for National Statistics revealed that retail sales in the United Kingdom surged 12% in May 2020.

The DAX increased by 0.55% at the closing bell's sound as Lufthansa AG growing by 3.06%. The FTSE 100 grew by 1.07% with Aveva Group gaining 4.44%. The CAC 40 went up by 0.61% as Danone rose by 2.27%.

The euro decreased by 0.09% against the dollar to sell for $1.11955 at 5:27 pm CET. At the same time, the pound sterling declined by 0.44%, with the exchange rate of 1.23696.

Breaking the News / JR