European actions fell on Monday, with investors nervously observing the threat of Iranian retaliation after the joint attacks of the United States and Israel to Iran’s nuclear facilities over the weekend.
The Pan-European Stoxx 600 index fell by 0.28%at 535.03 points after reaching its lower level more than a month earlier at the session.
A Reuters report stated that Iran could soon counteract US forces in the Middle East, even with US officials seeking a diplomatic solution to avoid conflict.
The tensions increased after US war planes joined Israel to bombard Iran’s nuclear facilities over the weekend, which led Iran to classify US President Donald Trump as a “gambler” by climbing tensions.
With the air strikes between Israel and Iran showing no signs of slowdown, markets were nervous and prepared for the possibility that Iran retaliates closing the narrow of Ormuz – the world’s most important oil pass.
Investors ran to assets considered safe, raising gold prices and eurozone titles. Meanwhile, the public service sector, usually seen as a title indicator, performed higher than the other sectors of the Stoxx 600.
Continues after advertising
Meanwhile, Fontes said Germany will increase defense spending to 3.5% of economic production by 2029, funded by a loan program of almost 400 billion euros.
Still, the aerospace and defense sector lost 0.7%.
“There is still much risk of short -term volatility, driven by the uncertainty of the possibility of Iranian retaliation or a prolonged conflict in the region,” said David Bahnsen, Investment Director at The Bahnsen.
Continues after advertising
In London, the Financial Times rate retreated 0.19%to 8,758.04 points.
In Frankfurt, the DAX index fell 0.35%to 23,269.01 points.
In Paris, the CAC-40 index lost 0.69%to 7,537.57 points.
Continues after advertising
In Milan, the FTSE/MIB index had a devaluation of 1.00%to 38,840.51 points.
In Madrid, the IBEX-35 index recorded a low of 0.08%to 13,839.40 points.
In Lisbon, the PSI20 index devalued 0.47%to 7,409.73 points.
