Europe closes mixed, Adidas soars over 9%

Thursday, 09. August 2018 17:32

European equities closed mixed on Thursday as investors keep watch over geopolitical developments. The United States imposed a new round of sanctions on Iran, followed by punitive measures on Russia over allegations of Moscow's interference in the Skripal case. The sanctions affected the Russian currency causing it to hit the lowest level against the US dollar since November 2016.

The DAX gained 0.26% as sportswear company Adidas soared 9.42% after reporting better-than-expected second quarter earnings with net profit rising 20% to €418 million. Meanwhile, the CAC 40 ended flat, while the FTSE 100 lost 0.39% led by BT Group falling 4.60%. The euro declined 0.32% against the dollar at 5:31 pm CET, buying 1.15734.

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Breaking the News / JC