Europe closes lower after central banks' decisions

Donnerstag, 03. Februar 2022 17:30

Shares on the major stock market indices in Europe ended the trading session with losses on Thursday after the Bank of England voted to raise its main interest rate to 0.5%, and the European Central Bank decided to leave its monetary policy as is.

On the data front, the gauge for activity in the euro area's services sector remained in the expansion territory but came in 2 points below the prior month's figure. Eurozone's producer prices rose 2.9% on a monthly comparison basis in December.

The DAX dropped 1.57%, or 245 points, at the close as HelloFresh tumbled 9.53%. The CAC 40 dove 1.54% at the same time with Worldline plunging 4.43%. Concurrently, in London, the FTSE 100 slid 0.71% as Flutter Entertainment lost 5.31%. The euro flew 1.22% compared to the dollar at 5:29, selling for 1.14437, while the pound jumped 0.32% versus the greenback, changing hands at 1.36161.

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Baha Breaking News (BBN) / BU