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11/23/2021, 5:32 PM (Source: TeleTrader)
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Europe closes mixed following data

Shares on the major stock markets in Europe traded mixed to lower at the close on Tuesday, following the release of new economic data.

According to IHS Markit, German private sector activity improved in November, and Eurozone business activity accelerated during the same month. Meanwhile, IHS Markit's Composite Output Index for the United Kingdom showed a slight decline within the same time frame, followed by a statement from Bank of England's Jonathan Haskel, confirming that bank rates will increase if the labor market remains tight.

The DAX in Frankfurt decreased by 1.11%, with Delivery Hero leading the losses with a 4.80% decrease. The CAC 40 in Paris fell 0.85% at the same time, as Eurofins Scientific SE traded 4.14% lower. London's FTSE 100 was the only one in the green with a 0.15% increase, as the Compass Group PLC gained 5.81%. The euro rose by 0.24% compared to the dollar, going for $1.12639 at 5:16 pm CET. The British pound was 0.22% lower against the American currency, going for $1.33618 a minute later.

Baha Breaking the News (BBN) / TT