European Stocks Fall Amid Worries Over Russia-Ukraine Escalation [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
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. Stocks pulled back from session highs after President Vladimir Putin approved an updated nuclear doctrine that allows Russia to expand its use of atomic weapons, days after the US gave Ukraine limited permission for long-range missile strikes on Russian territory. Ukrainian armed forces carried out their first strike in a border region within Russian territory with ATACMS missile. Government bonds rose along with the yen and other haven assets. “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.” Meanwhile, concerns about potential tariffs and other policies that Donald Trump m
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