Europe closes mostly higher with economy, data in focus

Thursday, 23. July 2020 17:30

Major stock markets in Europe closed mostly higher on Thursday as the economic recovery from the coronavirus pandemic remains in focus. Consumer confidence in Eurozone in July dropped, while, on the other hand, it increased in Germany. In the meantime, the European Union's High Representative for Foreign Affairs Josep Borrell warned that the bloc's €750 billion relief package comes with a price, while French Economy and Finance Minister Bruno Le Maire noted the country's economy is "too fragile" to change the recession prediction for the year.

The DAX traded 0.07% higher at the close as Daimler AG increased by 4.26%. The FTSE 100 rose by 0.07% with Unilever PLC going up by 7.94%. The CAC 40 lost 0.05% as Dassault Systemes declined by 3.69%.

The euro gained 0.17% to the dollar, with the exchange rate of 1.15891 at 5:27 pm CET. At the same time, the pound sterling grew by 0.06% to the greenback to sell for $1.27424.

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Breaking the News / JR