6/17, 5:33 PM (Source: TeleTrader)
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Europe closes mixed on inflation report

Major European indexes closed mixed on Friday, after the European Union's statistical office Eurostat revealed that the annual inflation in the euro area reached a record high of 8.1% in May.

Previously, both the Bank of England and the Swiss National Bank announced that they have raised their interest rates by 25 and 50 basis points respectively, in order to curb the growing inflation. Moreover, earlier this month, the European Central Bank confirmed that it will be hiking its key interest rates by 25 basis points in July.

The DAX grew 0.67% or 87 points at the closing bell, with Delivery Hero soaring 12.13%. At the same time, the CAC 40 lost 0.06% as TotalEnergies plunged 4.80%. The FTSE 100 fell 0.41% at the close, with BP dragging the index down by 5.79%.

The euro lost 0.81% against the dollar at 5:32 pm CET, selling for 1.104645. The pound slid 1.13% against the greenback to go for 1.22184 at the same time.

Baha Breaking News (BBN) / AY