Major European Markets Fail To Hold Gains, End Slightly Weak

(RTTNews) - The major European markets failed to hold early gains and ended lower on Friday, as investors made cautious moves at higher levels after the U.S. imposed fresh sanctions on Iran.

U.S. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced new sanctions on Iran's metal exports and eight senior Iranian officials.

U.S. President Donald Trump had said earlier this week that he would not respond militarily to the Iranian missile strikes on Iraq bases housing U.S. troops. Trump, who had earlier threatened harsh responses to any attack by Iran, said later that he will only impose new sanctions on Iran's already struggling economy.

Meanwhile, in a significant development, the House of Representatives on Thursday approved a resolution that would force Trump to seek consent from Congress before taking new military action against Iran.

In the U.K., lawmaker approved a legislation that will allow Britain to exit the European Union on January 31 with a withdrawal deal.
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