Iraq jitters hit European shares, German bond yields slip

http://ift.tt/eA8V8J Europe's top share index slipped to a three-week low on Wednesday as concerns that 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 its lowest since early June, while Germany's DAX share index (.GDAXI) dropped 0.5 percent by 1015 GMT (6.15 a.m. ET). The MSCI world equity index , which tracks shares in 45 countries, fell 0.3 percent to a one-week low. "Iraq tensions have overshadowed relatively good economic data this week," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.



from Yahoo! Finance: Top Stories http://ift.tt/1lSfC5E

via IFTTT