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5/5, 5:31 PM (Source: TeleTrader)
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Europe erases gains at close as US slump drags

European shares turned mostly to losses at the close on Thursday, seemingly impacted by a sharp fall on Wall Street. Earlier today, the Bank of England (BoE) raised the key interest rate in the country by 25 basis points. At a donors' conference in Poland, countries raised $6.5 billion in aid for Ukraine.

The DAX dropped 0.49% as the session ended with Zalando plunging 10.61%. The CAC 40 was down 0.43% at the same time as Credit Agricole dove 4.01%. Meanwhile, in London, the FTSE 100 rose by 0.13% at the close as Aveva Group surged 4.89%.

The euro and the pound nosedived 1.11% and 2.3% at 5:29 pm CET, selling for 1.05043 and 1.23389, respectively.

Baha Breaking News (BBN) / BU