11/23/2020, 5:33 PM (Source: TeleTrader)
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Europe closes lower with focus on Brexit

European markets closed in the red on Monday as European Union's chief Brexit negotiator Michel Barnier warned that certain key issues of the trade deal remain unresolved, while Irish Prime Minister Michael Martin expressed his optimism for an "outlined" deal by the end of the week. Meanwhile, the Eurozone business activity fell sharply in November, according to a release by IHS Markit.

On the COVID vaccine front, AstraZeneca and Oxford University announced a 70% efficacy in the trials of their COVID-19 vaccine. Moreover, the United Kingdom's authorities were expected to revise the Pfizer-BioNTech vaccine in "the shortest time possible."

The DAX dropped by 0.08% at the closing bell, after Delivery Hero underperformed by 4.45%. At the end of the trading session, CAC 40 went down by 0.07%, with ALSTOM losing 3.07%. The FTSE 100 closed with a dip of 0.28%, while Polymetal International had losses of 5.20%. The euro moved 0.31% in the red buying $1.18214 at 5:30 pm CET, while the pound was flat at the same time, going for $1.32901.

Baha Breaking the News (BBN) / CG