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6/30, 5:31 PM (Source: TeleTrader)
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Europe closes lower amid data, NATO summit

Major European stock market indexes closed lower on Thursday after the release of new economic data and amid different reactions to the North Atlantic Treaty Organization (NATO) summit. Leaders continued reinforcing their condemnation of Russia, while Moscow and China reacted to the alliance's latest strategic concept.

Earlier, the French National Institute of Statistics and Economic Studies said that inflation in that country further increased in June to reach 5.8%, surpassing estimates, while UK's gross national product (GDP) rose by an unrevised 0.8%.

The German DAX lost 1.69% at the close, with RWE AG down by 5.12%. The French benchmark CAC 40 fell 1.80%, while Alstom decreased by 8.13%. The FTSE 100 declined 1.98%, as Anglo American dropped by 5.32%.

The euro was up by 0.21% against the dollar at 5:28 pm CET, selling for $1.04639. In comparison, the pound climbed 0.27% to go for $1.21531 simultaneously.

Baha Breaking News (BBN) / JG