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Major European stock markets were mixed on Monday as dealers assessed the impact of Iran’s attack on Israel over the weekend.
London’s FTSE 100 index, a benchmark for top companies, fell 0.3% to 7,974.59 points, Paris’ CAC 40 index rose 0.5% to 8,054.37 points, and Frankfurt’s DAX index rose 0.6% to 18,036.01 points.
Iran…
Major European stock markets were mixed on Monday as dealers assessed the impact of Iran’s attack on Israel over the weekend.
London’s FTSE 100 index, a benchmark for top companies, fell 0.3% to 7,974.59 points, Paris’ CAC 40 index rose 0.5% to 8,054.37 points, and Frankfurt’s DAX index rose 0.6% to 18,036.01 points.
Iran fired a barrage of missiles and drones at Israel on Saturday, escalating tensions in the Middle East.
“When Iran launched drone and military attacks on Israel… it was the culmination of weeks of heightened tensions,” said XTB analyst Kathleen Brooks.
“Markets were deeply concerned about the scale of this attack and whether it would lead to more war in the Middle East,” he added.
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“As the new week begins, that uncertainty has dissipated and the attack caused minimal damage and resulted in no fatalities.”
RFJ/AC
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