4/24, 5:39 PM (Source: TeleTrader)
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Europe closes unchanged as LMVH hits new record

Major European stock markets closed Monday's session mostly unchanged after better-than-expected data from Germany showed the economy improved in the past months. In business news, LVMH became the first European company to break the $500 billion market cap.

The DAX lost 0.11% at the closing bell, with Zalando SE dropping 2.16%. The Euro Stoxx 50 declined by 0.15%, as Stellantis tumbled 6.77%. On the other hand, the FTSE 100 and the CAC 40 traded flat.

The euro added 0.30% against the dollar to sell for 1.10220 at 5:27 pm CET, while the pound accelerated 0.08% to $1.24526.

Baha Breaking News (BBN) / ND