Europe finishes lower as earnings season continues

Thursday, 30. July 2020 17:30

Equities on major European stock markets closed in the red with the focus remaining on today's economic and business data. Meanwhile, media reported that the European Commission is preparing to launch an in-depth probe into Google LLC's acquisition of Fitbit Inc.

The FTSE 100 was down 2.31% at the end of the session, with Lloyds Banking Group plc sliding 7.70%. The DAX lost 3.45%. Wirecard AG and Volkswagen AG were the worst performers on the German index, dropping 11.47% and 6.13% respectively. The CAC 40 fell 2.13%, as Groupe Renault tumbled 8.65%.

The euro slipped 0.12% against the dollar at 5:29 pm CET, selling for $1.17777. At the same time, the pound traded 0.21% higher at 1.30238.

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Breaking the News / MD