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6/25, 7:53 AM (Source: TeleTrader)
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Europe lower in premarket amid US-Iran tensions

European stocks traded in the red in premarket on Tuesday as tensions between the United States and Iran continued to take their toll on investors. US President Donald Trump previously said that he did not believe that he needed congressional approval for a strike on Iran. The United Nations urged all sides to show restraint in response and take measures and actions to reduce escalation and end tension. In other news, the price of gold per ounce against the euro rose to its highest levels since April 2013 earlier in the day.

The CAC dropped 0.28% at 7:53 am CET while the DAX was down 0.34% at the same time. Meanwhile, the FTSE 100 lost 0.28% at 7:52 am CET.

The euro and pound were both flat against the dollar to go for 1.13956 and 1.27420 respectively at 7:53 am CET.

Breaking the News / DZ