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5/25, 5:35 PM (Source: TeleTrader)
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Europe closes mixed on data, recovery news

Major stock markets in Europe closed mixed on Tuesday as investors digested the latest round of pandemic news and economic data reports. After reports came that Germany's GDP decreased 1.8% in the first quarter of the year, the Munich-based Institute for Economic Research (Ifo) reported that the sentiment among German businesses improved in May, even beating market expectations. Meanwhile, the European Union sent €14.1 billion to 12 member states to help with economic recovery after the pandemic, as the bloc announced that by the end of the week 50% of EU adults would have received at least one dose of the coronavirus vaccine.

The DAX closed the session 0.18% in the green, with Deutsche Wohnen rising 15.80%. The CAC 40 decreased 0.27% as Michelin fell 2.73%. The FTSE 100 was down 0.31%, with Anglo American plc dropping 2.55%.

The euro increased 0.17% against the dollar at 5:34 pm CET trading for $1.22354, while the pound decreased 0.21% against the American currency trading for $1.41270 at the same time.

Breaking the News / OL