Europe closes in red after ECB holds interest rates

Thursday, 23. January 2020 17:30

Stocks on European markets fell at the end of Thursday's session after the European Central Bank said it decided to keep the interest rates unchanged. The interest rate on the main refinancing operations, the marginal lending facility and the deposit facility will stay at 0.00%, 0.25% and -0.50% respectively.

Also, according to a preliminary report the European Commission, the Consumer confidence remained unchanged at −8.1 points in January in the EU. The indicator landed at -7 in the Eurozone.

The FTSE 100 was 0.89% down at 5:29 pm CET as Evraz lost the most, 5.87%, at the same time.

The DAX lost 0.94% at the close. Continental dragged the index down, falling by 3.19%.

The CAC 40 dropped 0.70% at 5:30 pm CET, while Renault plunged 5.02% at 5:29 pm CET.

Euro fell against the dollar by 0.48% and was selling for $1.10402 at 5:29 pm CET. The pound was down 0.21% and was selling for $1.31086 at the same time.

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Breaking the News / TF