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European stock markets slide at open on Iran conflict

Asian markets drop as US jobs data stoke recession fears
Source: Pixabay

European stock markets tumbled in early trading Monday, as investors sought safety amid the Iran conflict, with many indices including Paris and Frankfurt shedding more than two percent.

London was less affected, dropping 0.8 percent, with losses capped by the share price of military equipment maker BAE Systems soaring more than seven percent.

London-listed Shell and BP each won around five percent as oil and gas prices soared, while shares in French energy giant TotalEnergies gained a similar amount.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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