European shares tumble on Middle East tensions; oil stocks near two-month high
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 3, 2020. REUTERS/Staff
The pan-European STOXX 600 equity index was down 1.2% by 0914 GMT and was set for its worst day in a month. German stocksGlobal equities lost ground on Friday following the U.S. air strike, blindsiding markets coming off a bumper fourth quarter in 2019. However, oil prices rose on fears of supply disruptions and gold prices jumped to a near seven-year high. [MKTS/GLOB]
The European oil and gas stock index .SXEP rose about 0.6% and was the sole gainer among its peers, touching a near two-month high.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran fully withdraws from nuclear deal and criticizes European response to Soleimani's killing'In the world of politics, all things affect each other,' Iran's foreign ministry spokesperson said Sunday.
Read more »
NATO to hold urgent meeting on Monday over Iraq-Iran crisisNATO ambassadors will gather on Monday in Brussels for an urgent meeting convene...
Read more »
NATO to hold urgent meeting on Monday over Iraq-Iran crisisNATO ambassadors will gather on Monday in Brussels for an urgent meeting convene...
Read more »
European stocks seen lower as US-Iran tensions fuel safe haven buyingEuropean stocks are set to open lower on Monday, as investors monitor rising tensions between the United States and Iran.
Read more »