Yahoo Finance LIVE: FTSE and US stocks mixed as Middle East tensions simmer
How major markets are performing on Monday
The FTSE 100, some major European indices and US stocks were mixed on Monday, as tensions fray further in the middle east.
Thousands are dead already across Gaza and Israel. Israel's defence minister said the campaign against Hamas could take "one month, two months, three months... at the end there will be no more Hamas."
The FTSE 100 (^FTSE) was down 0.4% by Monday afternoon in London, while Germany's DAX (^GDAXI) declined 0.2% and the CAC (^FCHI) in Paris was up 0.4%.
In the US, the S&P 500 (^GSPC) was up 0.2%, the Dow (^DJI) was almost flat and the tech-heavy Nasdaq was up 0.5%.
"US markets initially took their cues from today’s weak European session, dragged lower by a combination of rising US rates, and uncertainty over the US economic outlook with the S&P500 slipping to its lowest levels since 1st June, briefly slipping below the 4,200 level, before rebounding," said Michael Hewson, chief market analyst at CMC Markets UK.
"We’ve seen a bit of a recovery since that dip, helped by a retreat in yields from their intraday highs after a tweet from Pershing Square’s Bill Ackman that he had covered his bond shorts and that the US economy was weaker than it looked."
A fall in all prices hit oil majors such as BP (BP.L) as aid reached the Gaza strip. BP was down 2.5% by the close in London.
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Mining stocks were also dragging down London's premier index.
Last week the FTSE posted its largest fall since August, as UK 30-year borrowing costs hit a 25-year high due to inflation.
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