European stock markets close flat

Tuesday, 26. November 2019 17:30

Major European stock markets finished Tuesday's trading session mostly flat. European Central Bank board member Francois Villeroy de Galhau expressed belief low interest rates will continue helping the Eurozone economy. Audi AG announced it will cut almost 10,000 jobs by 2025. Citigroup Inc. was fined £44 million by the Bank of England for significant errors in reporting its capital and leverage. Meanwhile, research organization GfK reported consumer confidence in Germany rose in November.

The FTSE 100 increased 0.09%, as Fresnillo plc grew 7.56%. The DAX was 0.08% lower, with BASF SE being the worst performer. The CAC 40 gained just 0.08%, as Dassault Systemes SE advanced 1.60%.

The euro traded unchanged against the dollar at 5:29 CET, selling for $1.10150. Concurrently, the pound decreased 0.44% to go for $1.28459.

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