European Shares Fall for Third Day on Geopolitical Risks
The STOXX 600 index closed 0.5% lower as investors monitored a fragile ceasefire and fresh strikes in Lebanon. Energy and mining sectors led the declines while Italian banks rose following rival buyout proposals for Monte dei Paschi di Siena.
Xurve View
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Xurve View
The STOXX 600 fell 0.5% to 618.64 on Tuesday afternoon, June 9, as commodity-linked stocks led a third consecutive session of losses. Miners and energy shares dropped 2.5% and 2.4% respectively following renewed military strikes in Lebanon. Geopolitical volatility is offsetting optimism around Italian banking consolidation and stabilizing technology valuations for global investors.
