Europe to open lower ahead of Trump, May meeting

Tuesday, 04. June 2019 08:11

European stock market index futures pointed to a lower open on Tuesday as the state visit of United States President Donald Trump to the United Kingdom entered its second day. Trump is set to meet Prime Minister Theresa May for a breakfast with business leaders as London will see a large anti-Trump protest starting at noon CET in Trafalgar Square. Meanwhile, US Secretary of State Mike Pompeo said a trade deal between his country and the UK is "a priority" as trade concerns and the relationship between the US and China continue to worry investors worldwide.

Data on consumer prices and unemployment from the European Union will be published during the morning trading session.

DAX futures were down 0.41% at 8:06 am CET while the CAC 40 and the FTSE 100 declined 0.68% and 0.29%, respectively, at the same time. The euro increased 0.08% against the dollar to go for 1.12501 at 08:07 am CET. The pound was 0.03% higher against the greenback, changing hands at 1.26682 at 8:08 am CET.

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