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European Stocks Fall Amid Worries Over Russia-Ukraine Escalation

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European equities declined for a third day amid concerns about an escalation of Russia’s war in Ukraine.

Macarena Muñoz and Julien PonthusIan Bremmer, President of Eurasia Group, looks at the conflicts in Gaza and Ukraine and how they may play out in the year ahead.

The Stoxx Europe 600 Index fell 1% by 11:31 a.m. in London to trade at lowest level since Aug. 13. All sectors were in the red, led lower by automakers and banks. Italian shares underperformed, dragged down by the country’s biggest lenders. “It’s clearly not good at all,” Andrea Tueni, head of sales trading at Saxo Banque France. “The situation can get worse before it gets better in the weeks to come so it’s really something for investors to keep in mind.”

 

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