country flagالعربية
0

European markets fell amid reports of resignation Italian minister

2019-06-03 07:57 am | Resource: NEWS | No Views : 57

European markets fell amid reports of resignation Italian minister

Stocks fell in Europe on Monday as global economic outlook deteriorated, gold prices remained above $ 1,300, and the focus on the US-China trade war remained.

During the day, investors are expected to see the latest manufacturing data and will also pay attention to US President Donald Trump's state visit to the UK. Trump is scheduled to meet members of the British royal family on Monday, while holding talks with Prime Minister Teresa Mae on Tuesday.

Italian Prime Minister Conti resigns over government disputes

Italian Prime Minister Giuseppe Conte may announce his departure on Monday, according to local media. The prime minister is reportedly concerned about relations between the ruling 5-star movement and the Northern League, seeking a clear mandate to continue dialogue with the EU on Rome's public debt.

In response to a letter from the European Commission on Italy's rising public debt in 2018, Economy and Finance Minister Giovanni Treya said the economic recession was behind the rise, adding that the government in Rome planned to respect the Brussels rules in the next budget.

Meanwhile, Italian Deputy Prime Minister and Interior Minister Matteo Salveni told reporters on Friday that his party would not seek early elections in September amid tensions with his coalition partner, Deputy Prime Minister and Minister of Labor and Industry Luigi de Mayo.

European Stocks Open
  • The CAC 40 index was down 0.66% at 9:01 am CET, led by losses from Legrand Industrial, which fell 2.29% at 9:06 am CET.
  • The FTSE 100 was down 0.93% at 9:15 CET. The worst performing shares were led by Ocado Group which fell 4.48% at 9:07 CET.
  • Germany's DAX lost 0.78% at 9:15 am and fell to its lowest level since April 1. Infineon fell 5% at 9:19 CET after announcing Cypress Semiconductor for € 9 billion.

The euro was steady against the dollar at 9:11 am and changed 0.02% at 1.11674. The pound gained 0.07% against the dollar to go at 1.26414 at 9:13 CET.


Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.