European Daily Market Review 20.2.20

European markets retreated some ground today with shares in Germany leading the region.

The DAX slipped 0.91% while the French CAC-40 dropped 0.80% and London’s FTSE-100 tumbled 0.27%.

Alphabet (GOOGL.O) Google’s made a $2.1 billion bid for fitness trackers company Fitbit (FIT.N. However, the European Data Protection Board (EDPB) alarmed that this could result in additional challenges, which further made the deal more difficult.

U.K Retail sales entered into recovery in January on the back of higher demand for clothes and footwear.

In reality, The Office for National Statistics (ONS) reported that the number of goods sold in Great Britain inclined almost 1%, after falls in the previous two months.

Uefa distributed an official apology for a technical error over Euro 2020 tickets.

This issue resulted in fans to lose hundreds of pounds. In fact, the new batch of tickets for the coming tournament was made available on Wednesday for fans unsuccessful in the initial ballots.


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