The German Dax was 0.22% lower by 9:20 a.m. London time, while Spain's Ibex 35 was down 0.1% and Italy's FTSE Mib was broadly flat. France's Cac 40 bucked the trend to rise 0.19% and U.K. markets are closed Monday for a national bank holiday.Brent crude rose 1.1% to trade around $79.90, while U.S. West Texas Intermediate crude was 1.18% higher at $75.69 a barrel.
LONDON — European stocks were tradings in mixed territory on Monday, as traders digested rising tensions in the Middle East following strikes by both Israel and Hezbollah over the weekend.. Over the weekend, more than 100 Israeli fighter jets hit Lebanese targets, and Iran-backed Hezbollah fired more than 320 rockets into Israel.
"While market expectations are centered on Iran's attack hurting Israel without triggering a wider regional conflict, Israel's response will be equally important. And Israel's response may include an attack on Iran's oil supply and related infrastructure, which would put at risk 3 - 4% of global oil supply," Vivek Dhar, mining and energy commodities strategist at the Commonwealth Bank of Australia,were little changed after Jerome Powell, chair of the U.S.
Later in the week, euro zone inflation data is due to be released Friday and will be closely watched for hints as to whether to European Central Bank will cut rates further next month.Next week has historically been a bright spot ahead of a tough market period
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