European shares fell on Wednesday, mirroring losses in the United States and Asia, as fears violence in Iraq could escalate further prompted investors to take refuge in safer assets such as German bonds. The FTSEurofirst 300 index (.FTSE) of top European shares fell 0.7 percent to a three-week low, while Germany's benchmark DAX shares index (.GDAXI) was down 0.6 percent by 0753 GMT. The MSCI world equity index , which tracks shares in 45 countries, was down 0.3 percent after hitting a one-week low. U.S. Secretary of State John Kerry urged leaders of Iraq's autonomous Kurdish region on Tuesday to stand with Baghdad in the face of a Sunni insurgent onslaught that threatens to dismember the country.
via Business News - Yahoo Finance http://ift.tt/1picceM
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