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European markets close mixed after Trump-Kim summit ends abruptly; Zalando up 23%


Friday, 1 March 2019 00:31 WIB

EropaIndeks Stoxx Europe 600


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European stocks closed mixed on Thursday, as investors kept abreast of geopolitical news taking place across the globe.

The pan-European Stoxx 600 ended the session up 0.12 percent, with sectors and major bourses in mixed territory.

Basic resources were the worst performers, down by more than 2 percent, on the back of renewed trade worries and fresh data. On Wednesday, U.S. Trade Representative Robert Lighthizer stated in front of the House Ways and Means committee that he foresaw long-term hurdles ahead.

On Thursday morning, Chinese factory activity numbers dropped to a three-year low in February — raising fears about economic activity in the world’s second-largest economy.

In earnings news, Adecco dropped 3 percent after reporting its fourth-quarter results. Zalando rose to the top of the index, up 23 percent, after announcing that it expects solid growth this year. The French retailer Carrefour also jumped 2.5 percent after increasing its savings goals.

Source: CNBC


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