Trusted News Discovery Since 2008
One News Page
> > >

War and peace: shares ride Mideast rollercoaster

Video Credit: Reuters Studio - Duration: 01:01s - Published < > Embed
War and peace: shares ride Mideast rollercoaster

War and peace: shares ride Mideast rollercoaster

European stocks recovered from early losses Wednesday as traders started to hope that Mideast tension might not slide straight into war.

Julian Satterthwaite reports.


War and peace: shares ride Mideast rollercoaster

Iran's missile attack on U.S. forces put global share markets into reverse early on Wednesday (January 8).

But then investors had a bit of a rethink.

No one was killed in the strikes, and Donald Trump tweeted that 'all was well'.

Maybe war wasn't a certainty after all... By lunchtime benchmark indexes had recovered their early losses, or were making gains.

Even Germany's battered Dax index was back in the green, after losing about 1% early on.

Sentiment there had taken an extra hit after more grim economic data.

Industrial orders posted a surprise fall in November, hit by weak foreign demand.

But events in the Middle East dominated, and there were clear signs that early panic had eased.

Government bonds, gold, the Japanese yen - all popular safe havens - erased earlier gains.

Oil too fell back from an early spike.

In this game of tit-for-tat, the next move goes to Washington.

You Might Like

Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.