Lucy Harley-McKeown
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FTSE 100 LIVE: Markets fall as Israel 'prepares for incursion' into Lebanon
How major markets are performing on Monday
The FTSE 100 and European markets fell on Monday in London, as traders look to Israel's strikes on Lebanon ahead of a potential ground invasion for its potential effect on the rest of the world.
The FTSE 100 (^FTSE) fell 0.5% by noon, while the DAX (^GDAXI) was down 0.6% in Germany and Paris's CAC 40 (^FCHI) dropped 1.6%.
Hezbollah leader Hassan Nasrallah was killed by an Israeli air strike on Friday, which also killed 20 other figures in the organisation. Abbas Nilforoushan, a senior general in Iran's Revolutionary Guards Corps was also killed via an air strike, according to state media reports. Meanwhile other Hezbollah top figures have also been killed.
The death toll in Lebanon in the last two weeks is more than 1,000.
By midday, outlets were reporting that Israel was increasingly threatening a ground invasion, as tanks line up at the border between the two countries.
Due to the conflict, oil prices are set to be volatile. Brent Crude (BZ=F) rose 0.7% in early trade to hover around the $72-a-barrel mark, before falling 0.2%. Crude (CL=F) also rose 0.5% to $62.50 per barrel before heading 0.3% lower.
Rightmove (RMV.L) was among the top fallers in the FTSE 100 on Monday, down 3.7% after it rejected a fourth offer by the Rupert Murdoch-backed REA Group. The online estate agency platform, which is currently the market leader, said the offer undervalued the company and was 'unattractive'.
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