Europe closes mixed as COVID-19 stays in focus

Tuesday, 28. July 2020 17:38

European markets finished mixed on Tuesday as investors continued to worry over a potential second wave of the coronavirus pandemic on the continent after Germany and the United Kingdom pointed out the situation could be taking a turn for the worse. Meanwhile, tensions between the United States and China brought additional geopolitical uncertainty.

The DAX closed flat as Deutsche Boerse fell 2.21%. The FTSE 100 ended 0.4% in the green as Pearson PLC surged 6.05% and the CAC 40 was down 0.22%, with Stimicroelectronics falling 5.32%.

The euro lost 0.23% against the dollar to go for 1.17247 at 5:40 pm CET. However, the pound gained 0.46% compared to the greenback to trade for 1.29408 at the same time.

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Breaking the News / VP