Europe drops at close after ZEW data reports

Tuesday, 18. February 2020 17:31

Shares on the European markets closed in the red on Tuesday following the data reports published by the Centre for European Economic Research (ZEW). ZEW reported that economic sentiment indicator in the euro area declined in February, while also recording a drop in Germany for the same month. In business news, Audi stated it restarted production in China this week after temporary shutdown due to the coronavirus outbreak and Jaguar Land Rover revealed its production in the United Kingdom will soon be in danger due to deficit of China-made car parts.

The DAX lost 0.86% at the close, with Heidelbergcement's shares losing 3.03%. The FTSE 100 fell 0.84% at the end, as HSBC Holdings ticked 6.57% lower. The CAC 40 decreased by 0.42% at the closing bell. Renault led the losses, as its stocks plunged 6.37%.

The euro lost 0.17% compared to the greenback, changing hands for $1.08141 at 5:36 pm CET. On the other hand, the pound added 0.18% against the dollar, selling for $1.30260 at 5:30 pm CET.

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