LONDON — Stocks around Europe ended the week in positive territory on Friday despite continuing reaction to news that the United States launched a series of airstrikes on a Syrian airfield in the first significant military intervention of the Trump presidency.
More than 50 Tomahawk missiles were launched from warships stationed in the Mediterranean at Shayrat airfield and nearby military infrastructure controlled by Syrian President Bashar al-Assad. The strikes came in response to a chemical attack that killed at least 80 people in the northwestern part of the country on Monday.
News of the strikes sent US bond yields and stock market futures lower, and equities in Europe followed suit at the open, staying lower for the majority of the day's trading. However, markets accelerated to the close, with all major indexes other than Germany's DAX ending in positive territory. A handful of peripheral indexes also lost ground.
Britain's FTSE 100 was the biggest winner, gaining 0.56%. The largest gains on the index included gold miner Randgold Resources, and aerospace engineering, defence, and security firm BAE Systems, which gained 4.3% and 2.4% respectively. Fallers included EasyJet and Lloyds Banking group, although losses were limited.
The chart below shows the FTSE's moves on Friday:
And here is the scoreboard for the rest of the continent:
- European stocks dropped as geopolitical tensions continue to rise
- Gold and silver are jumping after the US missile strike on Syria
- European stocks fought back after an earlier hammering