European markets close mostly lower on Turkey tensions

Friday, 17. August 2018 17:36

Markets in Europe closed mostly in the red on Friday as investors remained concerned over Turkey's financial crisis and the tensions between Ankara and Washington fueled by the detention of an American pastor. Earlier, a Turkish court rejected the pastor's appeal for release, while United States President Donald Trump warned that the US will not tolerate Ankara's actions. On the data front, market watchers digested inflation figures from the Eurozone.

The DAX decreased 0.22%. HeidelbergCement led the losses as its shares dropped 2.62%.

The CAC 40 ended 0.08% lower. The worst performer was STMicroelectronics which slid 2.16%.

The FTSE 100 was up 0.03%.

The euro added 0.31% against the dollar to sell for 1.1413 at 5:37 pm CET, while the greenback jumped 4.24% compared to the Turkish lira to go for 6.0760 at the same time.

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Breaking the News / NP