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5/14/2018, 5:37 PM (Source: TeleTrader)
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Europe closes lower amid Iran deal concerns

European stock markets closed mostly lower on Monday, following looming concerns relating to Iran nuclear deal over the weekend. United States Secretary Mike Pompeo said yesterday that his country wants to work with European partners toward a deal that would curb Iran's "malign behavior." Meanwhile, White House National Security Adviser John Bolton said that US sanctions on European companies working with Iran are "possible." Earlier today, Russian Foreign Minister Sergey Lavrov told his Iranian counterpart Mohammad Javad Zarif that Moscow has "planned contacts" with the other parties in the agreement in the coming days.

The FTSE 100 was 0.18% lower at the end of the session. Security company G4S plc and television network ITV led the losses, dropping 2.85% and 2.67% respectively. The DAX lost 0.18% at the closing bell, weighed down by the banking sector with Commerzbank and Detsche Bank being the biggest losers. Meanwhile, the main French index CAC 40 finished the trading day flat. Kering plunged 7.11%, while Veolia and Airbus declined 4.73% and 2.38% respectively.

The euro gained 0.27% against the greenback to sell for 1.1974 at 5:51 pm CET.

Breaking the News / BM