European shares tumble on U.S.-Iran faceoff; 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.

The worst of the war is that everything derived from oil will be all expensive, the world cost of the barrel can reach up to 6% and who will pay the duck? the people in over 60 countries.

Don´t buy any american stuff.

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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. zerohedge 'Britain's FTSE 100 is seen falling 34 points to 7,580, Germany's DAX slumping 110 points at 13,092, and France's CAC dropping 43 points to 5,983, according to IG index data.'
Source: CNBC - 🏆 12. / 72 Read more »