Wall Street and Europe reverse deeper losses as Israel retaliates against Iran

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The FTSE 100 managed to eke out gains on Friday as US officials reported Israeli retaliatory strikes on Iran. (- via Getty Images)

The FTSE 100 (^FTSE) and European stocks managed to eke out gains on Friday as US officials reported Israeli retaliatory strikes on Iran. Over on Wall Street, the US stock market opened flat as shares in streaming service Netflix (NFLX) slid 7% after it issued a mixed trading outlook last night.

Traders have been cautiously watching Israel’s reaction to Iran’s drone and missile attack last weekend, with concerns that a worsening conflict in the Middle East could disrupt oil supplies.

Brent Crude (BZ=F) jumped as much as 3.5% on the back of the news but is now trading 1% higher at $87.97 after paring back some gains.

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  • London’s benchmark index was 0.3% up by the afternoon as anxiety over the Middle East started to ease

  • Germany’s DAX (^GDAXI) dipped 0.5% and the CAC (^FCHI) in Paris…

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