- European indices lose at the start of the week
- "Risks" in retreat amid tensions in the Middle East
- Defense companies see sizable gains, airlines lose heavily
General market situation:
This week's first trading session on European markets brings a deterioration in investor sentiment as investors react with uncertainty to the armed conflict in the Middle East. The latest updates from the front may also create market sentiment today, as there are no key macro data releases scheduled for today's session.
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The beginning of the week on European stock markets brings mixed investor sentiment. Due to increases in oil prices on global markets in the face of the conflict in the Middle East, oil companies are recording increases. Source: xStation 5
Futures based on the German DE30 index are trading down nearly 0.8% intraday. Today's session began with a downward gap triggered by uncertainty surrounding the situation in the Middle East. Source: xStation 5
News:
The topic of the day for today's session is the armed conflict in the Middle East. In view of the broad market uncertainty surrounding the entire event, most companies on European markets are trading down. A completely different picture is shown by armaments companies, which are among the leaders in growth at the moment. Shares of Dassault Aviation (AM.FR) are gaining more than 4.5%, and BAE Systems (BA.UK) is up nearly 4%.
Source: xStation 5
On the other hand, airline stocks are doing very poorly, with IAG, Air France KLM and Lufthansa losing between 2.5% and 4% due to the suspension of airline flights to Tel Aviv and rising oil prices, which could negatively affect the carriers' ongoing operations.
Source: xStation 5
EV component maker Schaeffler (SHA.DE) announced a bid to buy Vitesco Technologies (VTSC.DE) at a nearly 21% premium to Friday's close.
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