European stock markets recorded gains on Friday, but concerns over the geopolitical situation remain at the forefront.
The Stoxx Europe 600 rose 0.19% in morning trading, the German Dax increased by 0.44%, while London’s Ftse 100 gained 0.31%. Finally, Italy’s Ftse Mib saw an increase of 0.50%.
On the seventh day of the conflict, attention remains mainly on oil and gas, which continue to dominate energy markets. Crude oil surpassed $86 per barrel, reaching a new high.
Iranian foreign minister Abbas Araghchi stated on Thursday that his country “is not asking for a ceasefire” with the United States and Israel, driving up energy commodity prices.
Natural gas, meanwhile, rose by 1.17%, worrying economists about the global future and potential price increases.
Gold continues its rally as well, trading above $5,098 per ounce.
At Piazza Affari, Amplifon and Leonardo led the gains with +4.27% and +3.10%, respectively.
Benedetta Zimone