European stocks lower premarket with Iran in focus

Monday, 08. July 2019 07:42

Equities on major stock markets in Europe traded lower on Monday with the focus remaining on rising tensions with Iran. The Middle Eastern country announced it was scaling back its commitments under the Joint Comprehensive Plan of Action (JCPOA), a move condemned by the members of the European Union. In business news, Deutsche Bank AG announced plans for a €7.4 billion corporate restructuring.

The FTSE 100 was down 0.21% at 7:40 am CET, while the DAX dropped 0.50%. At the same time, the CAC 40 was 0.34% lower.

The euro and the pound were both flat against the dollar at 7:33 am CET, changing hands for $1.12293 and $1.25313 respectively.

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