European shares tumble on Ukraine tensions
PARIS, March 3
PARIS, March 3 (Reuters) - European shares tumbled in early trade on Monday as escalating tensions in Ukraine prompted investors to stick to the sidelines.
At 0805 GMT, the FTSEurofirst 300 index of top European shares was down 1.7 percent at 1,325.81 points, while the euro zone's blue-chip Euro STOXX 50 index was down 2.1 percent, at 3,084.69 points.
Ukraine mobilised for war on Sunday after Russian President Vladimir Putin declared he had the right to invade his neighbour, sending Asian stocks tumbling and oil prices jumping.
"Investors had under-estimated the risks of an escalation in Ukraine, so the events over the weekend is a wake-up call for the market," said David Thebault, head of quantitative sales trading at Global Equities, in Paris.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief