European Markets React to Middle East Geopolitical Developments

On Monday, major European stock market indexes closed mostly higher as investors assessed the impact of recent geopolitical developments in the Middle East. The FTSE 100 rose by 0.56%, driven by a surge in Vistry Group PLC, which increased by 6.05%. Similarly, the CAC 40 added 0.81%, and the Euro Stoxx 50 gained 0.15%, with LVMH Moet Hennessy Louis Vuitton SE leading the charge with a 3.52% increase on both indexes. Meanwhile, the DAX traded flat.

The toppling of the long-lived regime of former Syrian President Bashar al-Assad and its consequences for the region were key factors influencing market sentiment. Additionally, the euro strengthened by 0.12% against the dollar, selling for 1.05792 at 5:29 pm CET, while the pound sterling was 0.39% stronger against the dollar, selling for 1.27905 a minute later.