European markets end the day mixed, lower since last week

Friday, 12. July 2019 17:34

Major stock markets in Europe ended the Friday trading session mixed, but lower on a weekly basis, amid ongoing speculations on whether the United States Federal Reserve will cut its interest rates before the end of this month. Bank of England Monetary Policy Committee Member Gertjan Vlieghe in the meantime said that the central bank would need to cut rates close to zero in case of a no-deal Brexit. During today's session, seasonally adjusted industrial production in the euro area showed modest but unexpected growth, while the market analysts and brokers upgraded Deutsche Bank AG's stock from sell to neutral.

The FTSE 100 was down 0.11 % at the closing bell. The CAC 40 was 0.41% higher, pushed upwards on Accor's 5.03% gains. The DAX ended 0.11% in the red at the end of the day, pushed lower by Fresenius SE and Wirecard AG losses of 2.08% and 1.40%, respectively.

The euro was flat against the dollar, exchanging for 1.1255 at 5:33 pm CET, while the pound lost 0.30% compared to the greenback concurrently, to go for 0.8963.

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