(MENAFN– ecpulse)
European shares tumbled for a second day on Tuesday trading amid threats there could be a military strike from the U.S. on Syria for using chemical weapons, ahead of U.S. consumer confidence data.
“The indiscriminate slaughter of civilians, the killing of women and children and innocent bystanders by chemical weapons, is a moral obscenity,” U.S. Secretary of State John Kerry said.
Later in the day, eyes will focus on U.S. consumer confidence which is predicted to retreat to 79.0 this month from 80.3 in July.
As of 06:36 EST, STOXX EUROPE 600 slipped 1.19% to record 300.85 points. Financials led the decline with a drop of 1.88%, where the largest losses were recorded by HSBC Holdings PLC as its shares plummeted 1.50% to 684.30 pounds.
Other major European indices also showed a drop. Germany`s DAX 30 dipped 1.57% to 8307.60 points despite a report showing an advance in German business confidence for a fourth straight month in August.
France’s CAC 40 index plunged 1.51% to 4005.82 points, and FTSE 100 dipped 0.73% to 6445.50 points.
Later in the week, investors will focus on euro area confidence for August which is estimated to climb to 17-month high.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.