LONDON: European stock markets mostly ticked upwards on Monday (Jun 17) as investors moved cautiously at the start of a busy week packed with key interest rate decisions, in particular from the US Federal Reserve.The indices in London and Paris closed modestly ahead after Hong Kong stocks rallied, with investors there cheering a decision by the city to suspend plans to push through a controversial extradition law.Wall Street also slightly rose as traders took a breather ahead of the G20 summit next week, where US President Donald Trump and his Chinese counterpart Xi Jinping are due to hold hotly-awaited talks on their long-running trade war.”There isn’t a tonne of conviction in the early going, partly because the market appears to be caught up in a swirl of headlines carrying loose ends,” said Briefing.com analyst Patrick O’Hare.One of those swirling headlines is the ongoing tension between the US and Iran - on Monday Tehran announced its uranium stockpile will soon pass the limit set under a nuclear deal that Washington abandoned last year.The news exacerbated an already strained relationship after the US blamed Iran for two tanker attacks in the Gulf of Oman last week, claims that Tehran calls “baseless”.”Tensions in relation… Read full this story
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