Europe opens lower, sanctions and trade in focus

Markets 8/10/2018, 9:03 AM
Europe opens lower, sanctions and trade in focus

European markets opened in the red on Friday as investors digested Washington's threat to impose additional sanctions against Russia starting from August 22. The fears of the possible trade war between the United States and its trading partners also persisted. Meanwhile, market watchers also anticipated a string of economic data due for the release in the United Kingdom later today with the focus on the British GDP publication.

In Germany, the DAX fell 0.79% at the opening bell. Deutsche Bank was the main loser, down 3.18% as the bank announces more cost-cutting measures.

French CAC 40 started a day of trading 0.94% in the red. BNP Paribas led the losses, falling 2.57%.

In London, the FTSE 100 declined 0.52% at the beginning of the session.

The euro lost 0.62% against the US dollar to sell for 1.1455 at 9:13 am CET while the British pound lost 0.39% against the greenback, hitting the lowest value since June 27, trading at 1.2773 at the same time. The euro decreased 0.27 against sterling to go for 0.8962 at 9:15 am CET.

Breaking the News / VK

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Share:

UK 100 Index-0.18%

6,764.25
Chart for: UK 100 Index

EUR/USD+0.09%

1.1365
Chart for: EUR/USD Spot

Germany 30 In...-0.24%

10,700.20
Chart for: Germany 30 Index

France 40 Ind...-0.25%

4,777.15
Chart for: France 40 Index