9/2/2020, 5:31 PM (Source: TeleTrader)
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Europe closes higher after promising data

Major European stock markets traded higher at the closing after promising data reported earlier in the day. Germany's retail sales saw an increase in July, while average house prices in the United Kingdom reached a record high in August. Meanwhile, the European Union approved the acquisition of joint control over Germany-based IONITY Holding GmbH & Co. KG by the Hyundai Motor Company.

The DAX 40 traded 1.93% at the closing as DT Telekom AG gained 4.99%. The FTSE 100 went up by 1.35% with Kering advancing 5.10%. The CAC 40 rose by 1.70% as Barratt Developments PLC increased by 8.50%.

The euro lost 0.69% to the dollar to sell for $1.18298 at 5:28 pm CET. At the same time, the pound sterling decreased by 0.68% compared to the greenback to the exchange rate of $1.32920.

Baha Breaking the News (BBN) / JR