European stocks fall on Middle East tensions

2019-09-17 12:34:18 GMT (Economies.com)
European stocks fall on Middle East tensions

European stocks opened lower today, to extend losses for the second day, due to tensions in the Middle East, after sabotage attacks on 2 Saudi oil facilities which might be a sign of military confrontations.

 

As of 10:17 GMT, Stoxx Europe 600 Index fell by 0.1%, as it closed yesterday lower by 0.6%, on profit-taking with most global markets falling after the Saudi attacks.

 

The index fell today ,to extend losses for the second day, as most of the European markets and sectors fell.

 

The mining and basic resource sector fell by 2%, while the food and beverages stocks rose by 0.9%, with oil and gas companies gaining 0.6%.

 

President Trump accused Iran of the attacks, but stressed that he doesn't want to go to war, now waiting for further evidence from the Saudi authorities about Iran's involvement in the attacks until the appropriate decision is made.

 

Iran rejected the accusations, and said that it's unacceptable and invalid, and President Hassan Rouhani pointed out that it was a reciprocal response by the rebels in Yemen.

 

S&P 500 futures fell by 0.3%, as it closed lower by 0.3% yesterday in Wall Street.

 

Euro Stoxx 50 index fell by 0.2%, in France the CAC 40 fell by 0.1%, while Germany's DAX shed 0.3%, while in London, the FTSE 100 rose by 0.1%.

 
 
 
  Symbol Last Change Chg.%
1.1163
-0.0003
0.0309%
1.2976
0.0024
0.1857%
17.704
0.159
0.906%
53.348
-0.359
0.669%
58.82
-0.59
0.99%
1491.200
1.045
0.070%
 
 
US
 
Europe
 
Asia