Stock markets in Europe and Asia reacted poorly to the escalation in the Middle East
Stock indices in Asia and Europe reacted quite calmly to yesterday's exacerbation situation in the Middle East. By the middle of the trading session, the British FTSE 100 index added 0.05%, the French CAC 40 lost 0.3%, the German DAX fell by 0.6%, and the overall Stoxx Europe 50 index added 0.02%. The reaction of Asian markets became a little more pronounced. Japan's Nikkei 225 fell 2.2%, Taiwan's Taiwan SE rose 0.75%, Australia's ASX 200 lost just 0.1%, and India's Bombay Sensex lost 0.04%. Trading on stock exchanges in China is not taking place today due to local holidays.
Analysts believe that the muted reaction can be explained by investors' wait-and-see attitude in an uncertain situation. “The situation remains extremely fluid. Any slightest escalation, or stabilization, or change in rhetoric from Israel or Iran could lead to a more noticeable reaction from the markets,” said Reuters Chris Weston, an analyst at Melbourne investment company Pepperstone.
The reaction to the conflict between Israel and Iran was more noticeable in the commodity markets - oil prices rose by 2-3%. WTI futures rose 2.9% to $71.86 per barrel. A day earlier, prices for this variety also increased by 2.4%.
After rising 1% the day before, gold prices fell 0.4% today to $2,653.
About escalation in the Middle East - in the material "Kommersant" "Dark Day War".
