Asian stock markets fell overnight, although the declines were relatively moderate in the wake of an attack on Iran by Israel and the U.S. on Saturday morning.
In Stockholm, the screens are red. The only company bucking the trend is the defense group Saab, which is up around 8 percent. Among the winners on the European stock exchanges is the shipping company Maersk, while airline shares are plummeting.
U.S. futures also point to further declines when regular trading opens this afternoon.
The price of oil is rising further and is now up around 10 percent since last Friday. The war in the Middle East risks severely restricting supply. A barrel of North Sea oil is trading at $80 this morning. Gas prices are also rising, which risks raising the price of electricity.
At the same time, gold is up a couple of percent.
