Major Stock Declines Amid Israel-Iran Conflict Impact Global Markets

New York: On June 17, in the American stock markets, the Dow Jones index decreased by 0.70% to 42,215.80 points, the S and P 500 index by 0.84% to 5,982.72 points, and the Nasdaq index by 0.91% to 19,521.09 points.

According to Azeri-Press News Agency, in the European stock markets on June 17, the FTSE 100 index fell by 0.46% to 8,834.03 points, Germany's DAX index by 1.12% to 23,434.65 points, and France's CAC-40 index by 0.76% to 7,683.73 points. The euro's exchange rate against the dollar in world markets increased by 0.23%, reaching 1.1506 dollars.

Analysts note that the decline in the US and European stock markets is related to several factors. These include economic and political uncertainty in the US, such as Federal Reserve decisions, trade tensions, and weak macroeconomic indicators. Additionally, the rise of geopolitical risks, including the Israel-Iran conflict and the possibility of US intervention, has contributed to market volatility. The strengthening of the dollar and a shift in investor behavior towards 'safe havens' have also played a role in the declining indices.

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