Europe ends Friday session in the red

Freitag, 04. September 2020 17:31

Major European stock markets closed in the red on Friday after a release of important economic data coming from the United Kingdom. The UK reported that the country's Construction Total Activity Index declined by 3.5%. Bank of England's Monetary Policy Committee member Michael Saunders expressed his concerns regarding unemployment rates in the coming months. In other political news, the European Council President Charles Michel on Friday stated the post-Brexit agreement between the European Union and the UK is uncertain.

The DAX 40 plunged 1.65% at the closing bell with Vinovia Real Estate losing 6.38%. The FTSE 100 went down by 0.88% while Scottish Morgage Investment Trust's stock plummeted 6.46%. The CAC 40 declined 0.89% as Wordline went down by 4.34%.

The euro lost 0.41% to the dollar to sell for $1.18037 at 5:35 pm CET. At the same time, the pound sterling decreased by 0.52% compared to the greenback to the exchange rate of $1.32142 a minute later.

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