Europe closes lower ahead of G20 summit

Thursday, 06. July 2017 17:32

Equities in Europe ended trading in the red on Thursday one day before world leaders convene in Hamburg for the twelfth G20 meeting. United States President Donald Trump is in Poland ahead of the summit, where he spoke on North Korea, energy, extremism and other issues. Meanwhile, markets on Wall Street opened lower on weaker economic data. 

The DAX closed 0.58% lower. ProSiebenSat led the losses, dropping 3.53%. The CAC 40 ended trade 0.53% in the negative. Sodexo was the worst performer as its shares fell 5.81% following news the company is cutting its full-year sales growth target for 2017. The FTSE 100 lost 0.41%. 

The euro gained 0.45% against the US dollar, buying $1.14030 at 5:40 pm CET, while the pound added 0.23% against the greenback, changing hands for $1.29639 at 5:41 pm CET. 

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Author:
Breaking the News / JC