European stocks fall amid geopolitical tensions

By FXstreet.com | July 18, 2014 AAA

FXStreet (Córdoba) - European stocks fell further Friday as risk aversion dominated financial markets amid growing tensions in Russia/Ukraine after a missile hit a commercial flight, while Israel launched a ground offensive in Gaza.



The Stoxx Europe 600 fell 0.436% to 338.50, after losing 0.9% the previous day after a Malaysia Airlines aircraft was hit by a missile passing through a conflict area. Among country-specific indexes, UK FTSE 100 lost 0.45%. Germany's DAX 30 shed 0.60% and France’s CAC 40 dropped 0.06%. Spain’s Ibex 35 lost 0.56%, while Italy’s FTSE MIB was into the green up 0.16%.



There is no much ahead in terms of economic data from the Eurozone. Buba President Weidmann will speak, while in the US the Reuters/Michigan Consumer Sentiment Index for July is the main release of the session.



As for commodities, gold dropped 0.52% to $1310 an ounce while crude oil gained 0.33% to $103.53 a barrel.



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