European stocks close lower amid US-Iran tensions; Daimler profit warning hits autos

Monday, 24 June 2019 23:13 WIB

EropaIndeks Stoxx Europe 600Saham Eropa


European stocks closed lower Monday as investors continued to monitor geopolitical tensions between the U.S. and Iran, with Washington preparing major new sanctions.

The pan-European Stoxx 600 closed provisionally down 0.3% to 383.79. Auto stocks led the losses with a 1.2% decline following a Daimler profit warning, while only a handful of sectors traded in positive territory.

The U.S. is threatening to impose “major” new sanctions on Iran on Monday, ramping up the pressure on the Islamic Republic at a time when its economy is straining under the weight of financial restrictions. The threat comes despite a diplomatic push from European leaders to urge restraint from leaders in Washington and Tehran.

On Wall Street, stocks were slightly higher, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping at this week's upcoming G-20 summit.

Source : CNBC


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