Euro stocks finally get anxious over Iraq

Euro stocks finally get anxious over Iraq

Throughout the recent unrest in Iraq, the markets have been largely relaxed on the potential effects, but European stocks this morning have seen a drop as investors become more anxious about violence escalating and seek safer assets. US foreign policy is one of the elements to the nervousness; will diplomacy or military intervention be the main thrust of the Obama administration’s response to the unrest. Oil prices, which have seen increases but have slipped back slightly, are still a major concern in the medium term. Read the full story.