Europe ends lower pushed down by tech, banking stocks

Friday, 14. June 2019 17:35

European markets ended Friday's trading session mostly lower amid increased global tensions caused by the attacks on two oil tankers in the Gulf of Oman. The European Union urged "maximum restraint" against further provocations after the White House accused Iran of taking part in the attacks. The main front runner for the United Kingdom Conservative Party leadership Boris Johnson stated that he is not aiming for a no-deal Brexit, as well as that the October 31 deadline for the departure from the bloc was "perfectly realistic."

The FTSE 100 closed 0.31%% in the negative territory, while the DAX fell 0.60% at the closing bell. The worst performer was Infineon Tech AG, sinking 5.24%. The CAC 400 was 0.27% in the red at market close, pushed down by STMicroelectronics​ losses of 3.49%.

Meanwhile, the euro was 0.48% lower against the dollar, selling for 1.1221 at 5:30 pm CET. Concurrently, the British pound lost compared to the greenback, changing hands for 1.2605.

Related Links: 
Author:
Breaking the News / MA