Europe closes mixed as ECB keeps interest rates

Thursday, 29. October 2020 17:33

European stocks closed mixed on Thursday, as the European Central Bank announced on Thursday its decision to keep key interest rates at present levels as well as to keep its asset purchase program unchanged.

With more European countries imposing further counter-COVID restriction measures, German Economy Minister Peter Altmaier noted on Thursday that the country's economy is not likely to bounce back to pre-pandemic levels until 2022, on the day the consumer confidence in the euro area worsened in October.

Germany's DAX closed 0.32% higher at the end of the day, with Deutsche Wohnen surging 3.58%. On the other hand, both the FTSE 100 and the CAC 40 finished flat. Rolls-Royce Holdings plunged 14.36% in London. The euro lost 0.74% to sell for $1.16610 at 5:35 pm CET, while the pound declined 0.59% to go for $1.29075.

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Breaking the News / CG