00:00European markets created on Monday morning as investors react to the
00:03dramatic weekend of US and Israeli strikes on Iran the euro stocks 50 shed
00:082% at the open with indices in Paris Milan and Madrid all seeing sharp
00:13declines as the conflict threatens global shipping through the Strait of
00:16Hormuz in Spain the IBEX 35 is the worst performer dropping more than 2% while
00:22London's FTSE 100 remains more resilient falling just 0.3% the sell-off
00:28followed a freefall in Asia where Japan's Nikkei 225 dropped over 2.3%
00:33before the European bells even rang in the UAE regulators have shut down both
00:38the Abu Dhabi and Dubai exchanges for the next several days to prevent panic
00:42sale while stocks sink energy prices are soaring with a barrel of US benchmark
00:48crude initially surging 8% amid supply concerns assets considered safe are
00:54also on the rise with gold up 2.5% and silver climbing by 2% as the market
00:59braces for further escalation
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