Europe closes in red with economy in focus

Wednesday, 10. June 2020 17:32

Major stock markets in Europe closed lower on Wednesday after European Central Bank Vice President Luis De Guindos said the bloc's economy will rebound in the second quarter of the year. In business news, Deutsche Bank AG announced the merger of its wealth management and private & commercial business international units into a new international private bank.

The FTSE 100 was 0.14% lower at the closing bell, with Just Eat Takeaway plc sliding 12.86%. DAX dropped 0.70%, as Deutsche Lufthansa AG fell 5.74%. The CAC 40 surrendered 0.82%, with Unibail-Rodamco-Westfield SE losing 7.28%.

The euro was flat against the greenback, trading for $1.13496 at 5:37, while the pound rose 0.19% to sell for 1.27523 dollars two minutes later.

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Breaking the News / MD