European shares meander before Trump's decision

Tuesday, 08. May 2018 09:11

The euro extended its year-to-date low against the dollar on Tuesday, while European equities showed a mixed picture at the opening bell ahead of United States President's announcement about the fate of the nuclear deal between world powers and Iran. Oil was higher for the day, underpinning the energy sector, though off three-and-a-half year highs reached in the previous session. This week's focus was also on a monetary policy update by the Bank of England and US consumer price inflation data, both scheduled to be released on May 10.

The FTSE 100 added just 0.11% in the first transactions in London. Shire jumped 4.58% after its board recommended a £46 billion takeover offer from Japan's Takeda. A decline of 0.2% was registered for the German DAX index, led by a slump of 6.41% in Deutsche Post, which published disappointing results. French blue-chip gauge CAC 40 slipped 0.15%, where LafargeHolcim, the worst performer, dropped 2.28% after revealing a fall in quarterly earnings.

The joint currency was down 0.37% at $1.1918 at 9:13 am CET, compared to a session low of $1.18978, unseen since December 28. The euro lost 0.65% to trade for £0.87851, while the pound was 0.31% higher, buying $1.357. Gold slipped 0.07% to $1,313.33 per ounce and silver rose a mere 0.14% to $16.5.

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