6/26, 7:58 AM (Source: TeleTrader)
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Europe lower in premarket trading amid US-Iran tensions

European stocks traded lower in Wednesday's premarket session as investors focus on the escalating tensions between the United States and Iran. A day after Washington imposed new sanctions against Tehran, US President Donald Trump warned that an Iranian attack on "anything American" would be "met with great and overwhelming force." At the same time, Iranian President Hassan Rouhani stressed that his country does not want a war with the US, but is ready to give a "decisive response to aggression."

Elsewhere, market watchers were digesting yesterday's remarks by Federal Reserve chairman Jerome Powell in which he tempered expectations about a future interest rate cut and warned about caving in to "short-term political interests."

The FTSE 100 was down 0.17% in premarket trading, while the DAX lost 0.26% at the same time. In Paris, the CAC 40 dropped 0.14% an hour before the opening bell. The euro lost 0.07% against the dollar to sell for 1.1359 at 7:54 am CET, while the pound decreased by 0.18% versus the greenback to go for 1.2665.

Breaking the News / FH