10/8/2021, 5:30 PM (Source: TeleTrader)
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Europe closes mixed on data, UK travel reopening

Major stock markets in Europe closed the last session of the week mixed as Germany's foreign trade surplus dropped from 17.9 to 10.7 billion over the month and European Central Bank President Christine Lagarde warned that the rapid recovery from the pandemic created its own "frictions" and acknowledged the uncertainty of how long these will last despite their "temporary" nature.

Meanwhile, the Bank of England (BoE) declared that "direct risks to the stability of the United Kingdom financial system from cryptoassets are currently limited." The UK also announced the easing of COVID-19 travel restrictions for 51 additional countries.

The DAX lost 0.29% with HelloFresh falling 2.96% and the CAC 40 dropped 0.61% with Veolia Environnement sliding 2.21%. On the other hand, the FTSE 100 gained 0.25% led by BP adding 2.52%. Both the euro and the pound traded slightly higher against the dollar at 5:28 pm CET to sell for 1.15712 and 1.36398, increases of 0.17% and 0.16% respectively.

Baha Breaking the News (BBN) / IB