Europe closes mixed on data reports

Major stock markets in Europe closed the last session of the month mixed as investors digested data reports released earlier in the day. Eurozone’s gross domestic product dropped by less-than-expected 0.6% in the first quarter of 2021, while Germany’s GDP fell by 1.7%.

Meanwhile, the unemployment rate in the euro’s area is going down and was reported to be 8.2% lower than in the previous month. Eurozone’s inflation though rose to 1.6% in April to meet expectations and reach a two-year high. UK traders were feeling optimistic as home companies, such as Barclays and AstraZeneca reported their first quarter earnings results.

The DAX closed with 0.05% above the flatline, led by MTU Aero Engines jumping by 5.05%. The FTSE100 rose by 0.12% as AstraZeneca grew by 4.28%, while the CAC 40 lost 0.53% with STMicroelectronics dropping by 4.24%. The euro declined by 0.75% against the dollar to trade for $1.20290 at 5:27 pm CET. while the British pound shed 0.96% exchanging hands for $1.38124.



Breaking the News / LH



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