European equities mostly slip at opening bell

Tuesday, 17. September 2019 09:03

Investors showed caution on Tuesday at the start of trading at major stock exchanges in Europe following a strong drop in China. Losses were modest but wide as focus remained on geopolitical implications and the surge of oil prices after an attack last week by unknown forces with drones or missiles on the heart of Saudi Arabia's production of crude. Market participants are bracing for a monetary policy update from the United States Federal Reserve, scheduled for tomorrow.

The FTSE 100 stock index lost 0.2% in the first transactions in London. Melrose was the worst performer, sinking 1.99%. The German DAX was down 0.1%, mostly pressured by Infineon and Continental, which fell 0.7% and 0.67%, respectively. The CAC 40 retreated by a mere 0.04%. Peugeot slumped 2.17% to the bottom of the pile.

Gold slipped 0.16% to $1,495.87 per ounce at 9:04 am CET. The euro was almost flat at $1.10038 and gained 0.1% to £0.88615. The pound traded 0.08% in the red at $1.24177.

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