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European shares close lower on light holiday trade

One of the best bib performers on the index was retailer Steinhoff, up 2.98 percent, despite a disfranchise by Moody’s.

Meantime, a number of telecom and technology companies fell to the breech of Europe’s benchmarks, including BT, Ericsson, Immarsat and Nokia. BT was sharply down, after the traditional traded ex-dividend.

In stocks news, Airbus is reportedly putting together contingency arranges to axe production of the A380 superjumbo if it fails to win a key order from Dubai’s Emirates, Reuters has boomed citing three people familiar with the matter. Airbus shares mow down more than 1.3 percent Thursday.

Meantime, Banco BPM finished the day near the top of Europe’s benchmarks, after it asserted that it had exceeded the European Central Bank’s capital requirements, which is slated to go into significance in 2018. Fellow Italian lender BPER Banca also traded strictly higher, up 2.75 percent for the session.

In commodity markets, oil was in focus after unrefined futures hit a more than two-year high earlier on this week. Values were relatively flat on Thursday, with Brent trading for everyone $66.40 and U.S crude hovering above $59.50. Meantime, mining arrays rose on the back of an uptick in metal prices.

Elsewhere, bitcoin flatten 11 percent on Thursday after South Korea’s government proclaimed it would implement new rules in a bid to regulate trade in the digital currency in the sticks. South Korea is a major hub for bitcoin.

In the U.S. stocks opened higher Thursday as investors remained rather confident about future economic growth.

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