European Markets Close Lower; Dax Down 0.89%

Forex Pros – European stocks were down after the closing bell on Thursday.

At the close of European trade, Germany’s DAX fell 0.89%, London’s FTSE 100 shed 0.06%, France’s CAC 40 declined 0.09% and the EURO STOXX 50 was down 0.20%.

Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 284.00K last month from 325.00K in the preceding month whose figure was revised down from 329.00K.

Analysts had expected new home sales to fall to 310.00K last month.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.50%; the S&P 500 index shed 0.38%, while the Nasdaq 100 index climbed 0.05%.

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