European markets slid on Tuesday, trading around a three-month low, as concerns over Russia reared their head once again.
The pan-European Stoxx 600 was down 0.67% at 4:07 p.m. London time. Most sectors and all regional bourses pulled back, with bank stocks falling 1.78% and travel down 1.4%.
Global markets saw a shift into safe havens as events in Russia sparked concern around the world. The Kremlin on Tuesday said it had expanded the circumstances under which it will consider nuclear retaliation.
Meanwhile, its defense ministry said Ukraine had already deployed six contentious U.S.-made long-range ballistic missiles in an overnight strike, further stoking Russian tensions with the U.S.
U.S. stocks opened broadly lower as investors monitored the geopolitical developments.
European earnings came in before markets opened from Imperial Brands and Thyssenkrup while a finalized euro zone inflation reading for October was published during the session.
European markets closed lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due Stateside on Wednesday.(Cay)
Source: CNBC
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