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European stock trading opened with slight gains early

2019-06-17 07:53 am | Resource: News | No Views : 44

 European stock trading opened with slight gains early

European markets traded modest gains early on Monday, amid caution surrounding the recent incident in the Middle East when two tankers were attacked in the Sea of ​​Oman. US President Donald Trump's national security team is reportedly meeting to discuss the possibility of an increased US military presence in the region.

At the same time, the British Chamber of Commerce warned in its latest report that UK economic growth is likely to slow in the next two years. The Chamber lowered the growth forecast for 2020 from 1.3% to 1.0%.

United States to discuss the addition to the Middle East forces

The National Security Team of US President Donald Trump must meet to consider increasing his military presence in the Middle East, CNN reported. According to US officials familiar with the discussions, the focal point of the meeting will be "deterrence and defense against Iranian aggression." They did not specify when and when the president would be informed.

Tensions already strained with Iran have turned worse last week when the United States accused Tehran of attacking two oil tankers in the Gulf of Oman. Iran has rejected the charges. The officials, who did not reveal their identity to CNN, said the national security team would consider sending ground combat troops as well as Patriot batteries, fighter jets and ships. Acting Defense Secretary Patrick Chanahan said Washington needed "contingency plans".

European Stocks Open
  • The FTSE 100 rose 0.09% at 9:15 am CET. Best Performance Standard Chartered Bank was up 1.63% at 9:15 am.
  • The DAX index is almost unchanged, just 0.03% above the fixed line at 9:16 am CET. Lufthansa fell 11.48% at 9:32 CET after the company issued a profit warning this year.
  • The CAC 40 index rose 0.15% at 9:15 am CET, led by Renault Group gains of 1.54% at 9:16 am CET.

The euro was steady against the dollar, selling at 1.1207 at 9:17 am.


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