Europe closes mixed after gov'ts update stimulus measures

Wednesday, 25. November 2020 17:31

Major European stock markets closed mixed on Wednesday after the governments of the United Kingdom and France announced new measures to alleviate the impact of the economic crisis. Meanwhile, the European Central Bank stated that bank profits may not return to pre-pandemic levels even in 2022, while the Eurozone GDP should not be expected to fully recover before 2023.

The DAX closed flat as Volkswagen lost 2.35%. London's FTSE 100 was 0.64% down at the end of the trading session with AVEVA Group plummeting 19.95%. The CAC 40 was up 0.23% at the close. Veolia Environnement led the gains, rising 3.67%.

The euro was 0.08% higher against the dollar, selling for 1.19030 at 5:35 pm CET, while the pound gained 0.13% compared to the greenback, buying 1.33780 concurrently.

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