8/13/2020, 5:31 PM (Source: TeleTrader)
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Europe ends lower as Trump aims to keep EU tariffs

Equities on major European stock markets finished Thursday's session in the red territory after US President Donald Trump accused the European Union of "cheating," adding the tariffs on goods coming to the US from the bloc should remain.

Meanwhile, investors' fears over the coronavirus pandemic increased as British Imperial College's research showed that around 3.4 million people in the United Kingdom or 6% of the country's population were probably infected with COVID-19 since the outbreak started. On the data front, consumer prices in Germany decreased by 0.1% annually and 0.5% monthly in July, according to Destatis' report.

The DAX slid 0.32% at the closing bell as Wirecard plunged over 11%. At the same time, the CAC 40 lost 0.44% with ArcelorMittal weakening more than 3%, while the FTSE 100 dipped 1.34% as ITV PLC sank over 5%.

The euro advanced 0.39% at 5:28 pm CET, changing hands at $1.18306.

Breaking the News / GA