Europe closes in red after Eurostat's data reports

Friday, 14. February 2020 17:30

Stocks on the European markets closed lower on Friday following the data reports on the Eurozone's economy. Eurostat reported that GDP in the euro area increased by 0.1% in the fourth quarter of 2019 compared to the previous three months, while it previously stated that the Eurozone's trade surplus was up 1.1% on a yearly basis. In France, Renault said its revenue in 2019 yearly declined by 3.3% and Credit Agricole posted that its EPS stood at €0.54 in the last quarter of 2019, marking a yearly increase.

The DAX traded flat at the closing, with Wirecard AG's shares losing 3.44%. The FTSE 100 ended 0.58% lower, as Nmc Health dropped 6.46%. The CAC 40 declined 0.40% at the same time. Kering led the losses with a 2.97% decrease.

The euro was flat compared to the dollar at 5:34 pm CET, changing hands for $1.08411, while the pound traded 0.15% lower against the greenback, selling for $1.30293 concurrently.

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