European equities tumble due to Middle East tensions - News Summed Up

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European equities tumble due to Middle East tensions


ReutersEuropean shares on Friday slipped from near record highs after a US airstrike in Iraq that killed a top Iranian commander increased Middle East tensions and spurred moves out of risk assets, while an oil price surge hammered airline stocks. The FTSE 100 on Friday rose 18.10 points, or 0.2 percent, to 7,622.40, but slid 0.3 percent from 7,644.90 a week earlier. Friday’s moves tipped an otherwise flat week for European equities into the red. Cellnex Telecom SA rose 2.3 percent after agreeing to buy Portuguese telecommunications tower operator OMTEL for about 800 million euros (US$892.8 million). Trading for the first time this year, Swiss stocks rose 0.8 percent after a nearly 26 percent rise last year as investors bought into consumer goods.


Source: Taipei Times January 04, 2020 15:56 UTC



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