Stocks in Europe end in red on Tillerson's firing

Markets 3/13/2018, 5:31 PM
Stocks in Europe end in red on Tillerson's firing

Major stock markets in Europe ended the session on Tuesday with substantial losses, after the news of the United States Secretary of State Rex Tillerson's firing by the President Donald Trump. Investors also digested data released earlier in the day, showing United Kingdom's GDP growth forecast been revised from 1.4% to 1.5% for 2018, and US inflation reported to have grown 2.2% in February from the same month a year ago. Automaker Volkswagen AG reported a record profit for 2017 amounting to €17 billion before special items.

The DAX was down 1.76% at the closing bell, with media company ProSiebenSat.1 leading the declines with a 5.06% loss.

The FTSE 100 ended today's session 1.05% in the red.

The CAC 40 lost 0.87%. Environmental services company Veolia and electronics manufacturer STMicroelectronics fell 2.76% and 2.70%, respectively.

The euro gained 0.51% against the US currency, to go for 1.2396 at 5:33 pm CET, while the pound jumped 0.54% compared to the American dollar to change hands for 1.3979.

Breaking the News / NI


UK 100 Index+0.20%

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Germany 30 In...+0.16%

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France 40 Ind...+0.15%

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