Europe closes lower after UK data

Monday, 13. January 2020 17:30

Equities on major European stock markets ended on Monday in the red after economic data from the United Kingdom showed weaker-than-expected figures in industrial production and the gross domestic product. UK GDP went slightly up by 0.1%, while industrial production fell by 1.2%. However, Britain's total trade surplus increased £0.6 billion to £1.1 billion in the three months to November 2019.

Meanwhile, investors are still waiting for the signing of the phase one trade deal between the United States and China scheduled for Wednesday.

Shares on Frankfurt's DAX index declined by 0.30% as Continental AG fell 2.61%. Paris' CAC 40 lost 0.11% at the close. Renault led the losses as the session drew to a close, dropping 2.82%. At the same time, London's FTSE 100 closed 0.14% in the red with Nmc Health PLC as the worst-performing stock, plunging 6.95%.

The pound lost 0.52% on the US dollar, changing hands for 1.29878 at 5:31 pm CET, while the euro advanced 0.23% against the US currency, going for 1.11458 at the same time.

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Breaking the News / TF