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11/2/2018, 5:31 PM (Source: TeleTrader)
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Europe closes mixed ahead of US sanctions on Iran

European stock markets finished the Friday trading session on a mixed note as investors anticipate United States sanctions on Iran, which are scheduled to go into effect on Sunday 11:59 pm ET. However, US State Secretary Mike Pompeo said that that eight countries, which reduce their oil imports from Iran significantly, can expect to be temporarily exempted from sanctions on Iran's crude exports. The top US diplomat added that the EU not among those who will be allowed to buy Iranian oil.

Meanwhile, a senior US official dismissed an earlier media report that the US President Donald Trump is ready to make a trade deal with China after a positive conversation with his Chinese counterpart Xi Jinping.

The FTSE 100 was down 0.26% at the end of the session, with Glencore the weakest performer. German DAX gained 0.58% at the closing bell, Lufthansa contributing the most. In Paris, the CAC 40 closed the session 0.42% in the positive territory, helped by Kering luxury goods company. The euro lost 0.22% against the dollar to sell for 1.1383 at 5:30 pm CET, while the pound decreased 0.28% versus the US currency to go for 1.2969 at the same time.

Breaking the News / FH