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Air strike of USA in Iraq has impacted European stock markets

counter-sanctions against the West," said Markus Huber, senior analyst at brokers Peregrine & Black.
In Paris, economists at Credit Agricole CIB said that risks arising from crises in Ukraine, Gaza and Iraq "continue to be the main concern on the market and there is no sign of this easing up."
In foreign exchange trading, the euro climbed to $1.3391 from $1.3363 late in New York on Thursday. The single currency had slumped to $1.3333 on Wednesday, its lowest level for nine months. The euro meanwhile hit a near nine-month low against the Japanese currency on Friday, at 135.73 yen. It later recovered to 136.31 yen, which compared with 136.42 yen late on Thursday.
On the London Bullion Market, the price of gold rose sharply to $1,317.30 an ounce on Friday from $1,305.25 Thursday.
Updated 11 Aug 2014 | Soruce: Business Recorder | By S.Seal
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