African trade ministers meet in Cairo to push forward with AfCFTA    Scatec's $3.6bn renewables portfolio part of Egypt's NWFE energy pillar    Egypt's stocks end lower on Sept 16    Egypt launches international architecture academy with UNESCO, European partners    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt's PM, Russian deputy PM discuss industrial zone, Dabaa nuclear plant    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Sisi tells global leaders at Macron's video conference: Israel crossed all red lines    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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 as Middle East tensions linger
Amwal Al Ghad Published in Amwal Al Ghad on 24 - 06 - 2019

European markets are set to open lower Monday as tensions between the U.S. and Iran continue to stoke fears of a military confrontation in the Middle East.
The FTSE 100 is seen around 16 points lower at 7,392, the DAX is expected to open down around 48 points at 12,294, and the CAC 40 is poised to start the session 5 points down at 5,523, according to IG.
The U.S. is planning to impose major new sanctions on Iran despite a diplomatic push from European leaders to urge restraint from leaders in Washington and Tehran.
However, U.S. President Donald Trump and Secretary of State Mike Pompeo both said over the weekend that the White House is prepared to negotiate with Iran without preconditions, days after the two nations almost came to blows over the downing of an American surveillance drone.
Stocks in Asia traded mixed Monday afternoon while oil prices continued to surge due to U.S.-Iran tensions. Mainline Chinese stocks slipped by the afternoon, while indexes in Hong Kong, Japan and South Korea edged higher.
Trade relations between the U.S. and China will also be in focus once again, after Chinese vice commerce minister Wang Shouwen said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese technology companies.
Back in Europe, the frontrunner to become Britain's next prime minister, Boris Johnson faces his successor as foreign secretary, Jeremy Hunt, in the final round of voting among the Conservative party membership to take over from Prime Minister Theresa May.
In corporate news, Daimler cut its 2019 earnings outlook Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros, while German retail group Metro said an unsolicited offer by two prominent investors substantially undervalued the company, advising shareholders to hold off on taking action.
Source: CNBC

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