1/10, 5:36 PM (Source: TeleTrader)
more TeleTrader news

Europe closes lower with all eyes on economy

Stock markets in Europe closed lower on Tuesday after the European Central Bank noted that "the near-term growth outlook is weaker for the euro area than for the United States" and ECB official Isabel Schnabel stated that interest rates will have to "rise significantly." On the other hand, European Commissioner Paolo Gentiloni said he expects a weaker-than-expected contraction in the first quarter.

The DAX closed with a 0.12% loss as Zalando fell 3.01%. The FTSE 100 decreased by 0.39% at the close with Rs Group, down 4.36%, as the worst performer. The CAC 40 was down 0.55% at the end of trading as Eurofins Scientific declined 3.27%. The EURO STOXX 50 closed 0.29% lower with Airbus losing 2.21%.

The euro was flat compared to the dollar, going for 1.07329 at 5:34 pm CET. The pound was 0.19% lower than the greenback, trading at 1.21580 at the same time.

Baha Breaking News (BBN) / MS