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Most European shares open flat amid tensions with Iran

2019-07-22 07:49 am | Resource: News | No Views : 35

Most European shares open flat amid tensions with Iran

Most stocks in Europe were flat on Monday in early trade, as tensions with Iran mounted after the seizure of a British-run tanker near the Strait of Hormuz on Friday. According to British media, London is seeking to freeze Iranian assets and impose further sanctions in response to the seizure of the Stena Impero tanker operated by a British company.

British Foreign Secretary Jeremy Hunt vowed that there would be "strong activity" in Iran's actions. Meanwhile, Hunt and his predecessor, Boris Johnson, are approaching the finish line of the Conservative Party leadership race in the country's next prime minister. The results are expected on Tuesday morning.

United Kingdom: Hunt discusses Iran's tensions with its counterparts in Germany and France

UK Foreign Secretary Jeremy Hunt spoke with French and German Foreign Ministers Jean-Yves Le Durand and Hikou Mas about continuing tensions with Iran. On Friday, Iranian forces detained a British flag carrier in the Strait of Hormuz. The two diplomats joined Hunt in condemning the incident.

"The two ministers agreed with the Foreign Minister that the safe passage of ships across the Straits of Hormuz is a top priority for European countries, while avoiding any possible escalation in the region and agreed to stay in close contact and work together to achieve this," a statement from the British Foreign Office said.

 Salfini refuses to decide on France and Germany's immigration policy

In a letter to his French counterpart Christoph Kastner, Italian Interior Minister Matteo Salveni said France and Germany could not individually identify immigration policies, "ignoring the demands of more vulnerable countries" to receive migrants like Italy and Malta. Italy is no longer prepared to accept all migrants arriving in Europe, "Salfini wrote in a comment on Facebook, accompanied by a message to his French counterpart.

European Stocks Open

All the DAX, FTSE 100 and CTC 40 indices were flat at 9:15 am CET. The most notable shares were WireCard, which rose 1.63% at 9:33 CET, ArcelorMittal, which rose 2.87% at 9:19 CET. Philips jumped nearly 4% after reporting optimistic earnings.

The euro was almost unchanged against the dollar at $ 1.12193 at 9:16 am, with the pound contracting 0.06% against the US dollar, trading at $ 1.24957 at the same time.

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