Europe closes mixed, DAX drops over 1%

Friday, 25. September 2020 17:30

European markets closed mixed on Friday as the coronavirus pandemic remained in focus. Rising cases coupled with predictions from the World Health Organization that daily deaths from the coronavirus in Europe will climb in October and November weighed on investor sentiment.

Meanwhile, positive sentiment surrounding the post-Brexit negotiations between the European Union and the United Kingdom was reported despite no significant progress having been made in recent weeks.

The DAX dropped 1.32% as Deutsche Bank led the losses. The CAC 40 fell 0.69% in Paris with Credit Agricole tanking over 4%. The FTSE 100 gained 0.34%; GVC Holdings surged over 16% as the top performer. The euro sank 0.45% against the dollar at 5:40 pm CET, buying 1.16172. At the same time, the pound was down 0.35% versus the US currency, to go for 1.27006.

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Author:
Breaking the News / JC