Europe closes mixed with focus on trade

Thursday, 16. January 2020 17:32

Major stock markets in Europe were mixed at the end of the trading session after the new European Union Trade Commissioner Phil Hogan stated that, speaking in the short-term, there will be no unity on trade between the bloc and the United States. Meanwhile, the European Central Bank's Governing Council concluded last month that global trade sentiment has improved in the Eurozone.

In Germany, Defense Minister Annegret Kramp-Karrenbauer confirmed earlier today that US President Donald Trump threatened European countries with auto tariffs unless E3 countries increased pressure on Iran.

The DAX was flat at the close, led slightly down by automakers.

London's FTSE 100 dropped 0.50% at 5:29 pm CET as publishing company Pearson plc lead the losses, plunging 8.62% one minute later.

The CAC 40 gained 0.09% at 5:30 pm CET with Kering as rose the most, 1.80%.

The euro was 0.19% lower compared to the US dollar at 5:29 pm CET, trading at 1.11318. The pound gained 0.28% against the American currency, going for 1.30670 at the same time.

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Breaking the News / MS