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3/10, 5:35 PM (Source: TeleTrader)
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Europe closes lower after ECB's GDP growth revision

Major European indexes closed lower on Thursday after European Central Bank (ECB) announced a downward revision of GDP growth due to the ongoing crisis in Ukraine.

In data, annual inflation in the United States surged 7.9% in February, reaching the highest numbers since January 1982, the Bureau of Labor Statistics reported on Thursday.

At the closing bell, the DAX plummeted 2.93% or 405 points, with Delivery Hero declining 9.22%. The CAC 40 plunged 2.83% at the same time, as Credit Agricole fell 7.45%. The FTSE 100 decreased by 1.27%, with Persimmon going down by 9.06%.

The euro was down 0.58% against the dollar at 5:34 pm CET, selling for $1.10060. The pound was 0.53% lower against the greenback to go for $1.31156 at the same time.

Baha Breaking News (BBN) / AY