Iran fired more than 300 ballistic and cruise missiles and armed drones at Israel on Saturday night, but Israeli air defenses intercepted most of them.
“The market views de-escalation as the most likely path, despite the Iranian strike,” DNB Markets analysts said.
Wall Street’s major indexes fell as investors worried about the Middle East despite strong economic data from the United States.
The London stock index fell as falling oil prices weighed on energy company share prices. Stock indices in Frankfurt and Paris rose after the release of data on favorable changes in industrial production in the eurozone.
Tesla’s share price fell 5.6% following news that the electric vehicle maker plans to cut jobs by more than 10%.
The Dow Jones Industrial Average fell 0.7% to 37,735.11 on Monday, the Standard & Poor’s 500 fell 1.2% to 5,061.82 and the Nasdaq Composite fell 1.8% to 15,885. 02 points.
London’s FTSE 100 fell 0.4% to 7,965.53 on Monday, Paris’ CAC 40 rose 0.4% to 8,045.11 and Frankfurt’s DAX rose 0.5% to 18,026.58.
WTI oil fell 0.3% to $85.41 per barrel on Monday in electronic trading on the New York Stock Exchange. The price of Brent crude oil on the London Stock Exchange fell by 0.4% to $90.10 per barrel.
On Monday, the price of natural gas in the Dutch Title Transfer Facility (TTF) increased by 1.3% to 31.14 euros per megawatt-hour.
The euro fell against the US dollar on Monday from $1.0645 to $1.0626 per euro, the British pound was little changed at $1.2449 per pound, and the US dollar rose from 154 to 153.24 Japanese yen per dollar. The euro fell against the British pound from 85.48 to 85.31 pence per euro.
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2024-04-16 11:24:48