Europe starts lower amid geopolitical tensions

Friday, 29. November 2019 09:08

European markets started with losses on Friday, a day after Wall Street was closed for Thanksgiving, as tensions between the United States and China increased following the adoption of two Hong Kong-related bills in Washington. North Korea returned to focus with new missile launches and investors are also paying close attention to the oil markets ahead of next week's OPEC+ meeting in Vienna. Meanwhile, data showed consumer confidence remained unchanged in November in the United Kingdom and retail sales in Germany fell 1.9% in October.

The DAX lost 0.47% at 9:08 am CET as Heidelbergcement AG O.N. fell 1.20% at 9:10 am CET. France's CAC 40 was down 0.31% at 9:09 am CET and the FTSE 100 in London lost 0.41% at the same time, led by losses from St. James's Place PLC ORD as the insurance company dropped 2.37% at 9 am CET.

The euro was flat against the dollar at 1.10073.

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Author:
Breaking the News / VP