European shares dip as Iran missile strike stokes military escalation fears

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG070N1_L.jpg

(Reuters) – European shares dropped on Wednesday as an Iranian missile strike on U.S. forces in Iraq saw investors fleeing risk assets amid rampant fears of a military escalation in the Middle East.

The recent strike raises the question of retaliation by the United States, with a statement from U.S. President Donald Trump expected later in the day.

Iran said the strikes “concluded” its response to the U.S. killing of one of its top military commanders last week.

The pan-European STOXX 600 equity index () was down 0.5% by 0807 GMT, with German stocks () leading declines.

The chemicals subindex () was the worst performer, while oil and gas stocks () rose tracking higher crude prices on the prospect of supply disruptions in the Middle East. [O/R]

Planemaker Boeing’s (N:) European suppliers, Senior Plc (L:) and Safran (PA:), fell after a Boeing 737 belonging to Ukraine International Airlines crashed after taking off in Iran.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment