As COVID surges in Europe, officials warn of 'twindemic' with flu    'It's important to show our ingenuity': Nigerian collector promotes local artistic heritage amidst Black Lives Matter    Emotional Suarez proud to have thrived alongside Messi as he heads to Atletico    Deadline for reconciliation requests in building violations extended to end of October: Egypt's PM    UAE, Israel discuss energy, infrastructure cooperation    Greece says to resume exploratory talks with Turkey    EgyptAir receives 11th Airbus A220-300 from Canada    Russia to supply 17 more countries with COVID-19 drug Avifavir    Portland police declare riot during protests after Breonna Taylor ruling    PSG's Di Maria banned four games for part in brawl    Tennis: Paire says he played in Hamburg despite testing positive for COVID-19    Unusually heavy rains in Senegal expose big gap in $1.4 bln flood plan    Egypt detects 121 new coronavirus cases; 16 fatalities on Wednesday    3 policemen, 4 prisoners killed in Cairo jailbreak attempt    Last-minute bids    Wust El Balad band gives a concert at the Fountain theatre    Khan Almaghraby gallery group exhibition is a must go    A farrago of Brotherhood lies    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

European markets set for cautious open as investors focus on geopolitics, trade
Published in Amwal Al Ghad on 17 - 09 - 2019

European markets looked set for a cautious open Tuesday as investors monitor the fallout from the weekend's Saudi oil attacks.
The FTSE 100 was seen around 5 points lower at 7,316, the DAX was expected to slip around 5 points lower to 12,375 and the CAC 40 was seen nudging 1 point down to 5,601, according to IG data.
Oil prices pared some of Monday's massive gains on Tuesday morning after the U.S. signaled intent to release crude reserves, but the lingering threat of military confrontation kept investor confidence relatively low.
U.S. President Donald Trump said on Monday that it was likely Iran was behind the attacks on oil plants, expected out 5% of global crude supply, but stressed that he did not want to go to war. Iran has rejected U.S. charges it was behind the attacks, while President Hassan Rouhani suggested it was a reciprocal response from Yemen's Houthi rebels.
The U.S. Trade Representative's office said on Monday that deputy-level talks between the world's two largest economies are set to start in Washington on Thursday, paving the way for high-level talks in October intended to resolve the drawn out trade war.
Stocks in Asia traded mostly lower Tuesday as sentiment remained cautious amid the geopolitical uncertainty in the Middle East.
Back in Europe, British Prime Minister Boris Johnson on Monday avoided a press conference with Luxembourg Prime Minister Xavier Bettel amid loud protests, Johnson had said a Brexit deal was emerging, but the EU insisted Johnson had still offered nothing to break the impasse between the two on the controversial Irish backstop.
Johnson also faces a legal challenge in Britain's top court this week, after Scottish judges ruled that his decision to suspend parliament until October 14 was unlawful.
In corporate news, shares of Airbus and French luxury goods importers tumbled on Monday after the World Trade Organization (WTO) approved a U.S. request to impose tariffs on European goods, amid a long-standing battle over aircraft subsidies
Italy's industry ministry has postponed the deadline for the delivery of a rescue plan for Alitalia to October 15, meaning loss-making carrier will remain in special administration.
German lighting group Osram Licht has advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid for the company from Austrian chipmaker AMS.
On the data front, German economic sentiment and current conditions surveys for September are due for release at 10:00 a.m. London time, along with euro zone survey expectations.
Source: CNBC

Clic here to read the story from its source.