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8/19, 5:31 PM (Source: TeleTrader)
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Europe closes in the red amid Fed taper fears

Stock exchanges in Europe closed in the red territory on Thursday, as market sentiment was still being affected by United States Federal Reserve policymakers' discussions about potentially beginning to taper the central bank's asset purchases this year. In business news, Stellantis suspended output in its French plants due to chip shortage.

The DAX decreased by 1.25% at the close, as BASF dropped 3.68% and led the losses. London's FTSE 100 was down 1.54% at the end of the trading session with its worst performer, mining company Anglo American, plummeting 9.95%. In Paris, the CAC 40 closed 2.43% lower, pulled down by Kering's 9.28% drop.

The euro declined 0.20% against the dollar, selling for 1.16875 at 5:33 pm CET, while the pound fell 0.65% compared to the greenback, changing hands for 1.36652 concurrently.

Breaking the News / MS