European stocks sink as investors flock to safety amid geopolitical jitters

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Nov 19 - Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled by Russia lowering its threshold for a nuclear strike, spurred investors to head to safer havens.

"Every nation wants to avoid a nuclear war, but the fact that we've seen Putin makes steps towards that possibility has led to a risk-off or a safe haven move," said, Daniela Hathorn, senior market analyst at Capital.com"It's clear people are looking for avenues to safely park their money, at least for now, but we're not there yet in terms of panic or a significant sell off.

The upcoming appointments of a U.S. Treasury secretary and trade representative under President-elect Donald Trump are also in focus after last week's picks for the health and defence roles.

 

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