2/17, 11:15 AM (Source: TeleTrader)
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DAX extends losses, FTSE falls after data

The German DAX extended losses from earlier in the session on Wednesday and the FTSE 100 turned negative after data showed that inflation in the United Kingdom increased 0.7% in January and the number of car registrations in Europe dropped by 24% in the same month as the coronavirus pandemic continues to impact economies.

The DAX lost 0.68% at 11:08 am CET as Beiersdorf dropped 6.02% at the same time after announcing it doesn't expect a return to profitability this year. The FTSE 100 was down 0.32% at 11:11 am CET, with Hargreaves Lansdown plunging 6.94% at 10:57 am CET to lead the decline. Kering was the worst-performing stock of the CAC 40 as it plummeted 7.92% at 10:58 am CET. The French benchmark index was down 0.06% at 11:13 am CET.

Breaking the News / VP