European stocks dip as Iran targets US forces in Iraq

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Wed, 08 Jan 2020 - 08:30 GMT

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 7, 2020. REUTERS/Staff

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 7, 2020. REUTERS/Staff

LONDON - 8 January 2020: Europe's main stock markets slid at the open on Wednesday after Iran launched missile attacks on US targets in Iraq following the killing of its top general.

In initial trade, London's benchmark FTSE 100 index of major blue-chip companies lost 0.4 percent to 7,542.24 points compared with Tuesday's close.

In the eurozone, Frankfurt's DAX 30 index shed 0.8 percent 13,124.76 points and the Paris CAC 40 reversed 0.5 percent to 5,981.99.

"Global markets have been shaken ... after Iran launched an unexpected missile attack against multiple US military bases in Iraq," said analyst Bethel Loh at trading firm ThinkMarkets.

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