European shares tumble on Middle East tensions; oil stocks near two-month high
Reuters
Published Jan 06, 2020 03:21AM ET
(Reuters) - European shares extended losses on Monday as tensions following the killing of a top Iranian general by the United States kept buying restricted to safe havens, while energy stocks benefited from higher oil prices.
Gold prices jumped to a near seven-year high, while global equities extended losses from Friday. Oil prices rose on fears of supply disruptions. [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 pan-European STOXX 600 equity index (STOXX) was down 0.7% by 0808 GMT and was set for its worst day in a week. German stocks (GDAXI) were the worst performers in the region, dropping about 1%.
Meanwhile, investors were awaiting business activity data from the euro zone for December, which is expected to remain in expansion, albeit barely, according to a Reuters poll.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.