European Stocks See Modest Strength as UK-Russia Ties Worsen

By Investors Hub

European stocks are seeing modest strength on the day.

This occurs as the relations between the United Kingdom and Russia are crumbling as a result of a nerve attack in the UK last week on ex-spy.

Prime Minister Theresa May accused Russia of being behind the attack and responded by expelling Russian diplomats in the country and seizing their assets.

At the stock market today, while the U.K.?s FTSE 100 Index is just above the unchanged line, the French CAC 40 Index is up by 0.2 percent and the German DAX Index is up by 0.4 percent.

Shares of airliner Lufthansa after turned higher after declining early on in the session after the company said that higher fuel prices may impact its earnings in 2018.

Supermarket giant Tesco PLC has also moved to the upside on the day following a rating upgrade by J.P. Morgan.

Meanwhile, Societe Generale shares have fallen after the bank announced the unexpected departure of deputy chief executive Didier Valet.