EU markets start lower on strengthening common currency

EU markets start lower on strengthening common currency

On Monday, European markets started lower because the previous week positive German economic data kept lending broad support to the common currency.

The EURO STOXX 50 went down 0.11%, Germany’s DAX 30 lost 0.14%, while France’s CAC 40 declined 0.15%.

The euro was boosted after Friday’s data showed that in November German business confidence reached a record maximum, thus putting the euro area’s number one economy on track for a boom.

The data emerged just one day after official data disclosed that exports as well as soaring business investments happened to be the key drivers of euro zone surge in the third quarter, pointing that the sturdy upswing is going to extend well into 2018.

FTSE 100 dived 0.09% in London, suppressed by Mediclinic International PLC – its equities went down 2.23%.

In the USA, the Dow Jones Industrial Average futures dived 0.03%, S&P 500 futures declined 0.03%, the Nasdaq 100 futures headed south 0.01%.  

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