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European equities fell on Tuesday due to economic and geopolitical concerns, including political uncertainties in Italy and Argentina and unrest in Hong Kong, which forced investors to resort to safe havens such as bonds and gold .
At 7:15 am GMT, the European benchmark STOXX 600 was down 0.3%, with banking stocks in Milan and Madrid at the top of the list.
The markets, which were already fearful that the US and China will not end their fierce trade war, have come under increased pressure because of the collapse of the Argentine currency, Hong's turmoil Kong and fears aroused by the political situation in Italy.
The generally gloomy climate saw bond yields fall and banks hit, with European banks leading the way.
Henkel shares fell 4% after the German consumer goods maker lowered its sales and profit forecasts for the full year. The German Halo Fresh Food Delivery jumped 12%, with revenues and expenses being equal for the first time since trading began.
Defense sectors such as real estate and health care were part of a limited number of high sectors.
(Reuters)
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