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<p><span/><time data-testid="lastpublished-timestamp" itemprop="dateModified">Fri, Jun 13 2025<span class="LiveBlogTimestamp-datetimeDivider"/>11:33 AM EDT</time></p>
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<h2 class="LiveBlogBody-subtitle">European Stocks Decline Following Israeli Air Strikes on Iran</h2>
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<p>European stock indices dropped sharply after Israel initiated air strikes against Iran.</p>
<p>The <a href="https://www.cnbc.com/quotes/.STOXX/">Stoxx Europe 600</a> index provisionally fell by 1%. Germany's <a href="https://www.cnbc.com/quotes/.GDAXI/">DAX</a> and France's <a href="https://www.cnbc.com/quotes/.FCHI/">CAC 40</a> decreased by over 1.1%. The UK’s <a href="https://www.cnbc.com/quotes/.FTSE/">FTSE 100</a>, which had initially seen gains, ended the day down by 0.5%.</p>
<p>Brent crude oil prices surged by 6% toward the end of trading.</p>
<p><em>— Ganesh Rao</em></p>
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<p><span/><time data-testid="lastpublished-timestamp" itemprop="dateModified">Fri, Jun 13 2025<span class="LiveBlogTimestamp-datetimeDivider"/>11:22 AM EDT</time></p>
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<h2 class="LiveBlogBody-subtitle">Automobile Stocks Drop Over 2%</h2>
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<p>Automobile stocks in Europe were down approximately 2.2% as of Friday afternoon. This decline comes as industry groups warning of production disruptions due to a rare earth material shortage.</p>
<p>Shares of <a href="https://www.cnbc.com/quotes/STLA/">Stellantis</a>, the parent company of well-known brands such as Jeep and Fiat, dropped by 3.3%. Notable declines were also seen in Italian luxury maker <a href="https://www.cnbc.com/quotes/RACE-IT/">Ferrari</a>, Germany's <a href="https://www.cnbc.com/quotes/P911-DE/">Porsche</a>, and French supplier <a href="https://www.cnbc.com/quotes/FR-FR/">Valeo</a>, all of which fell more than 2%.</p>
<p><em>— Sam Meredith</em></p>
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<p><span/><time data-testid="lastpublished-timestamp" itemprop="dateModified">Fri, Jun 13 2025<span class="LiveBlogTimestamp-datetimeDivider"/>9:18 AM EDT</time></p>
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<h2 class="LiveBlogBody-subtitle">Flight Disruptions to Tel Aviv</h2>
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<p>Approximately 25% of flights scheduled for Tel Aviv's Ben Gurion International Airport on Friday have been canceled, as reported by airplane tracking service <a href="https://www.flightradar24.com/airport/tlv/departures">FlightRadar24</a>.</p>
<p>Airlines including <a href="https://www.cnbc.com/quotes/WIZZ-GB/">Wizz Air</a> and <a href="https://www.cnbc.com/quotes/AF-FR/">Air France KLM</a> confirmed the suspension of flights to and from Tel Aviv in response to escalating military tensions between Israel and Iran.</p>
<p>Flight cancellations also included Aegean Airlines’ flight from Larnaca and a Lufthansa Cargo freighter from Frankfurt.</p>
<p>Several global airlines had already halted flights to Israel amid heightened conflict in the region.</p>
<p><em>— Chloe Taylor</em></p>
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<p><span/><time data-testid="lastpublished-timestamp" itemprop="dateModified">Fri, Jun 13 2025<span class="LiveBlogTimestamp-datetimeDivider"/>7:01 AM EDT</time></p>
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<h2 class="LiveBlogBody-subtitle">Significant Stock Movements</h2>
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<p>As the week nears its end, the pan-European Stoxx 600 remains down about 0.9%. All sectors, except for oil and gas, are down, with travel and leisure stocks falling 2.6%.</p>
<p>Major indices are firmly in the negative zone, with Germany's <a href="https://www.cnbc.com/quotes/.GDAXI/">DAX</a> experiencing the largest decline of 1.5%.</p>
<p>Among individual stocks, British Airways' parent company, <a href="https://www.cnbc.com/quotes/IAG-GB/">IAG</a>, has seen a 4.8% drop, with cruise operator <a href="https://www.cnbc.com/quotes/CCL-GB/">Carnival</a> down 4.2% and digital car sales firm <a href="https://www.cnbc.com/quotes/AG1-DE/">Auto1 Group</a> down 6%.</p>
<p>On the other hand, oil tanker giant <a href="https://www.cnbc.com/quotes/FRO/">Frontline</a> saw an 8.2% increase amidst rising oil prices.</p>
<p><em>— Chloe Taylor</em></p>
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