European markets fall as Iran worries rise

Monday, 06. January 2020 09:01

European markets started the day with losses as investors feared an armed conflict in the Middle East after the United States killed Iranian military official Qassem Soleimani in Baghdad and Iran responded by cutting its nuclear deal obligations further and promising to get revenge for Washington's actions. Meanwhile, the Iraqi parliament voted to expel US troops from their country, but US President Donald Trump responded by demanding Baghdad pay the Balad military base and threatened to introduce new sanctions against the country.

Germany's DAX dropped 1.04% at 9:03 am CET as Covestro slid 4.63% at 9:18 am CET. The FTSE 100 lost 0.37% at 9 am CET with Morrison Supermarkets leading the losses as the stock declined 2.76% at 9:04 am CET. The CAC 40 declined 0.71% at 9 am CET. Arcelotmittal fell 3.28% at 9:05 am CET.

The euro was flat against the dollar, changing hands at 1.11650 as it increased 0.03%.

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