Europe closes mostly lower with data in spotlight

Tuesday, 16. February 2021 17:31

Stock markets in Europe closed mostly lower on Tuesday after economic data reports revealed that the Eurozone GDP contracted 0.6% in the fourth quarter of 2020 and that the economic sentiment in the euro area improved in February. On the coronavirus front, Johnson & Johnson applied for vaccine authorization in the European Union. In business news, Adidas announced it will sell its Reebok subsidiary.

The DAX was 0.32% down at the close with property company Deutsche Wohnen declining 1.81%. In London, the FTSE 100 decreased by 0.11% at the close as worst performer DS Smith lost 3.37%. The CAC 40 was virtually flat at the end of the trading session.

The euro was 0.17% lower against the dollar, selling for 1.21102 at 5:29 pm CET, while the pound was flat compared to the greenback, buying 1.39126 concurrently.

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Breaking the News / MS