Europe closes lower after customer confidence data

Donnerstag, 21. Oktober 2021 17:32

Major stock markets in Europe closed lower on Thursday after the European Commission announced that consumer confidence decreased in both the Eurozone and the European Union, in its preliminary report for October.

In the midst of the deterioration of the Western bloc's relationship with Russia and China, the UK confirmed a missiles deal with Ukraine. Additionally, the European Central Bank braced for a longer supply chain crisis.

The DAX traded 0.30% lower at the closing bell, with SAP AG leading the losses with 3.21%. At the same time, the CAC 40 lost 0.32%, with Eurofins Scientific SE decreasing by 7.23%. The FTSE 100 lost 0.45%, as Rio Tinto traded 4.68% lower. The euro decreased by 0.10% against the dollar to sell for $1.16406 at 5:22 pm CET. Simultaneously, the pound sterling fell by 0.12% against the greenback to go for $1.38084.

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