Host of global worries drive European shares lower

  • Reuters
  • Stock Market News
Host of global worries drive European shares lower
Credit: © Reuters.

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Aug 13 (Reuters) - European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina's political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold.

The pan-European STOXX 600 index .STOXX fell 0.3% by 0715 GMT, with the bank-heavy Milan .FTMIB and Madrid .IBEX indexes leading losses.

Markets, already reeling from fears that the United States and China may not end their bitter trade-war anytime soon, were distressed further as Argentina's currency crashed, unrest in Hong Kong intensified and Italy's political worries deepened.

The dour mood in general has seen bond yields dive and banks take a beating, with European lenders .SX7P leading sector declines.

Corporate news was light as the second-quarter earnings season draws to a close.

Henkel HNKG_p.DE shares slid 4% after the German consumer goods company lowered its full-year outlook for sales and earnings, but German meal-kit delivery firm HelloFresh HFGG.DE jumped 12% on breaking-even for the first time since its trading debut. plays such as real estate .SX86P and healthcare .SXDP were among the few sectors in the black.

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