European markets rise amid heightened geopolitical tensions

European markets were higher on Monday amid heightened geopolitical tensions following Iran’s massive drone and missile attack on Israel Saturday night.

The regional Stoxx 600 index rose 0.3% in morning deals, with most sectors in positive territory. Auto stocks led gains, rising 1.2%, while oil and gas fell 1.3% on rising risks in the Middle East.

Israel said it downed 300 drones and missiles targeting its territory. Last week, expectations that an Iranian attack could be imminent rose after a suspected Israeli strike that killed top Iranian officials in Syria. Israel has vowed to retaliate but has signaled that it will bide its time.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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