Global stocks indexes fall, bonds gain on escalating Ukraine, Gaza concern

Reuters
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange
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Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange July 18, …

By Caroline Valetkevitch

NEW YORK (Reuters) - Major global stock markets fell and bond prices rallied on Monday as worries over conflicts in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.

Safe-haven gold prices also rose above $1,300 an ounce as the market focused on increased turmoil in the Middle East and tensions following last week's downing of a Malaysian jetliner over Ukraine.

Israeli jets, tanks and artillery continued to pound Gaza as the death toll from a two-week conflict topped 500. Reports that Ukrainian forces were moving into the eastern city of Donetsk added to concerns that the conflict in one of Europe's biggest countries may escalate.

gained 0.2 percent at $1,312.50 an ounce.

(Additional reporting by Patrick Graham in London and Ryan Vlastelica and Gertrude Chavez-Dreyfuss in New York; Editing by Susan Fenton, Nick Zieminski and Dan Grebler)

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