Europe closes mixed after ECB's rate decision

Thursday, 06. June 2019 17:30

Major stock markets in Europe closed mixed on Thursday following the European Central Bank's (ECB) decision to keep the interest rates unchanged, while lowering the economic growth outlook for 2020 and 2021. Mario Draghi, the outgoing president of the central bank, warned of the negative effect Brexit, trade war and fiscal issues are having on the economy. Meanwhile, Fiat Chrysler Automobiles (FCA) withdrew its Groupe Renault merger proposal.

In London, the FTSE 100 was up 0.55% at the closing bell, helped by the tobacco industry's gains. Germany's DAX fell 0.27%, as real estate Vonovia SE dropped 4.67%. At the same time in Paris, the CAC 40 decreased 0.39%, with Renault dropping 6.90%.

The euro grew 0.64% to $1.12930 at 5:29 am CET, while the pound traded 0.21% higher against the dollar to change hands for $1.27110 concurrently.

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Breaking the News / MD