European shares tumble on U.S.-Iran faceoff; oil stocks near two-month high

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European shares tumble on Middle East tensions; 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.

Source: News Formal (newsformal.com)

 

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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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