Europe closes lower after disappointing data - Breaking The News
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Europe closes lower after disappointing data

EPA-EFE/RONALD WITTEK

Major stock market indexes in Europe closed lower on Friday after the Eurozone reported another drop in consumer confidence, and the United Kingdom a lower-than-expected rise in retail sales.

The DAX decreased by 0.54% or 108 points as Deutsche Bank AG fell by 2.04%. The FTSE 100 declined by 0.16%, with Severn Trent PLC plunging by 2.64%. The CAC 40 went down by 0.09% as Thales SA slid by 1.54%. The Euro Stoxx 50 lost 0.14%, with Nordea Bank Abp dipping by 2.10%.

The euro gained 0.43% to the dollar at 5:29 pm CET to sell for $1.4128. Simultaneously, the pound sterling went up by 0.55% against the United States currency to change hands for $1.25723.

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