Europe opens lower as US-Iran tensions continue

Tuesday, 25. June 2019 09:17

European stocks continued their sluggish performance from premarket trading and opened in the red on Tuesday as tensions between the United States and Iran showed no signs of abating. The Iranian Foreign Ministry condemned the newest United States sanctions against the country's top officials and stated that they meant a "permanent" termination of any negotiations between Washington and Tehran. In other news, investors readied themselves for the Organization of the Petroleum Exporting Countries' meeting due to take place throughout the day.

The CAC dropped 0.21% at 9:16 am CET while the DAX was down 0.19% at 9:17 am CET. Meanwhile, the FTSE 100 lost 0.47% at 9:17 am CET.

The euro was flat against the dollar to go for 1.13942 at 9:16 am CET. Meanwhile, the pound surged 0.20% against the greenback to go for 1.27652 at the same time.

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Breaking the News / DZ