Gold prices fall on Thursday    Oil prices edge higher on Thursday    Egyptian pound edges lower against dollar in early Thursday trade    Egypt to swap capital gains for stamp duty to boost stock market investment    Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing    Petroleum minister, AngloGold Ashanti discuss expanded investments in Egypt    Egypt denies coordination with Israel over Rafah crossing    Egypt tackles waste sector funding gaps, local governance reforms    Egypt, Switzerland explore expanded health cooperation, joint pharmaceutical ventures    Egypt recovers two ancient artefacts from Belgium    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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European markets to open lower after Trump fires FBI Director James Comey
Amwal Al Ghad Published in Amwal Al Ghad on 10 - 05 - 2017

European markets are expected to open lower Wednesday as investors focused on fresh corporate earnings and the dollar pared recent gains amid a rise in political tensions.
The U.K.'s FTSE 100 is seen seven points lower at 7,338; the German DAX is on track to open down 38 points at 12,724, and the French CAC is expected to open lower by around 15 points at 5,386.
Markets appeared on edge on Wednesday after U.S. President Donald Trump abruptly dismissed FBI Director James Comey in a move that shocked Washington. The White House claimed the sudden termination of Comey's contract Tuesday evening was over his handling of Hilary Clinton's emails. However, Democrats said the decision was most likely as a result of the FBI investigating alleged links between the Trump campaign and Russia.
On the data front, France and Italy are both set to report industrial production figures by 9 a.m. London time.
Meanwhile, European Central Bank President Mario Draghi is set to deliver a speech on the impact of monetary policy. The ECB chief will address the Dutch Parliament at around 12 p.m. London time on Wednesday.
In the U.K., prosecutors are expected to announce whether politicians from the governing Conservative party will face charges for alleged breaches of expenses rules. The Crown Prosecution Service is considering files sent by police following investigations in as many as 27 different constituencies.
Elsewhere, U.S., Secretary of State Rex Tillerson is poised to welcome Russian Foreign Minister Sergey Lavrov to Washington on Wednesday. Ukraine, Syria and bilateral issues between the U.S. and Russia are set to be discussed.
Finally, in Asia, South Korea's newly elected President, Moon Jae-in, has been sworn in after a comfortable victory. The liberal former human rights lawyer said has said he would be willing to visit Pyongyang "in the right circumstances."
Source: CNBC

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