Category: stocks

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On Monday, European stocks looked set to follow the negative trend in Asia, led by news of escalating tensions in the Middle East and fears of a wider regional conflict. Last week, rumors of an Iranian attack on Israel raised security concerns, and now, after Iran launched an attack with some 300 drones and missiles, there are concerns about Israel's response. President of the United States of America Joe Biden told Israeli Prime Minister of Agriculture Benjamin Netanya that the United States would not be involved in a counterattack against Iran, which reduces the risk to a certain extent.

Asian stocks fell on Monday as fears that tensions in the Middle East could escalate rocked financial markets, prompting investors to look for safer places for their money. Despite the tensions in the Middle East, US futures rose, oil prices fell, and an attack late Saturday marked the first time Iran has launched a military attack against Israel, despite decades of animosity dating back to the 1979 Islamic Revolution. A barrel of benchmark U.S. oil fell 41 cents to $85.25 a barrel.