German shares lead Europe lower as concerns over Ukraine mount

miércoles 6 de agosto de 2014 04:07 GYT
 

* FTSEurofirst 300 down 0.6 pct

* DAX leads stocks lower after Russia moves troops

* Reinsurers lower after results

By Alistair Smout

EDINBURGH, Aug 6 (Reuters) - European shares fell on Wednesday, led by German equities after a resurgence in tension in Ukraine and some weaker-than-expected earnings reports.

The pan-European FTSEurofirst 300 was down 0.6 percent at 1,326.59 by 0747 GMT, with the German DAX, which is dominated by companies heavily dependent on Russian energy, down 0.8 percent.

Equities fell after reports that Russian troops were massing at the eastern Ukrainian border, where pro-Moscow rebels are in conflict with the Ukrainian government - ratcheting up geopolitical tension in the region.

Russian President Vladimir Putin also ordered his government to prepare retaliatory measures against the latest round of Western sanctions, Russian news agencies reported on Tuesday.

"The latest catalyst seems to be this sabre-rattling at the border, and the market just has no upward momentum. This talk of tit for tat sanctions is also adding to the risk-off tone," Jeremy Batstone-Carr, analyst at Charles Stanley, said.   Continuación...