4/16/2018, 5:32 PM (Source:
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Europe closes in the red after Syria strike

Markets in Europe closed lower on Monday as investors keep watch over the latest developments in the Middle East. Over the weekend, the United States, the United Kingdom, and France conducted a series of air strikes on several targets in Syria in response to a suspected chemical weapons attack in Douma earlier this month. In the aftermath of the strikes, the Organization of the Prohibition of Chemical Weapons is still waiting for its team to be granted access to the site on the outskirts of Damascus in order to conduct an investigation.

The DAX declined 0.41% as Volkswagen tumbled 2.90%. Meanwhile, the CAC 40 lost 0.05% led by Atos falling 3.71%. The FTSE 100 sank 0.91%; the worst performer was Russian steelmaker Evraz whose shares plummeted 6.78%. The euro advanced 0.29% against the dollar at 5:37 pm CET, going for 1.23665.

Breaking the News / JC