European share futures plunge after Israel strikes Iran
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 23, 2025. REUTERS/staff/File Photo
LONDON (Reuters) -European shares were set to open sharply lower on Friday after Israel launched widescale strikes against Iran, which pushed the oil price up by 7% and drove a rush out of risk assets.
Euro STOXX 50 futures, which track blue-chip euro zone stocks, dropped 1.4%, Futures on Britain's oil- heavy FTSE fell 0.4%. (Reporting by Alun John; Editing by Amanda Cooper)
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