DAX drops at close as business climate worsens

Wednesday, 25. August 2021 17:36

Major European stock markets closed mostly in the green on Wednesday in expectations of new growth projections set to be announced by the European Central Bank in the upcoming days.

On the coronavirus front, a study conducted in the United Kingdom revealed the protection COVID-19 vaccines provide starts to fade around five months following the inoculation, prompting concerns of new coronavirus wave. Earlier during the session, the latest report revealed business sentiment in Germany worsened this month, with supply chain issues representing the biggest challenge.

The DAX dropped 0.28% at the closing bell, with Fresenius SE plunging 2.02%. On the other hand, the FTSE 100 increased by 0.34%, with Flutter Entertainment soaring 3.44%. The CAC 40 rose 0.18%. Publicis Groupe SA led the table by rising 2.36%. Both the euro and the pound stood flat against the dollar at 5:33 pm CET to sell for 1.17540 and 1.37230, respectively.

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