Europe closes mixed as Trump, Putin meet

Friday, 07. July 2017 17:35

Equities in Europe ended trading flat to lower on Friday as major world leaders convene in Hamburg for the 12th G20 summit. United States President Donald Trump and his Russian counterpart met during the summit for a highly anticipated first formal encounter. 

Destatis reported German industrial production rose to a seasonally adjusted annual rate of 1.2% in May, while UK industrial production fell by 0.2% in the same month. The UK's trade balance widened by £1 billion to £3.1 billion in May. 

The DAX closed flat. ProSiebenSat was the worst performer, ending trading down 2.06%, while German electric utilities company RWE AG led the gains, rising 2.77%. The CAC 40 ended trading 0.14% in the red with Carrefour's shares dropping 4.93%. The FTSE 100 finished flat. 

Meanwhile, the euro declined 0.27% against the US dollar, buying $1.13913 at 5:38 pm CET, while the pound lost 0.73% against the greenback at 5:39 pm CET, trading for $1.28766. 

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Breaking the News / JC