European stocks open lower as US-Iran tensions fuel safe haven buying
Monday, 6 January 2020 15:12 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600

European stocks opened lower on Monday, as investors monitor rising tensions between the United States and Iran.

The pan-European Stoxx 600 slipped 0.6% in early deals, with autos falling 1.2% to lead losses as all sectors except oil and gas, which has been buoyed by flaring Middle East tensions, traded in the red.

Market players are fleeing riskier assets like equities in favor of safer alternatives like gold and bonds after a U.S. airstrike last week killed Iran™s top military commander, Qasem Soleimani, in Iraq. The attack has heightened already-volatile relations between Washington and Tehran.

Source : CNBC

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