European shares edge down as geopolitical tensions weigh

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European shares edge down as geopolitical tensions weigh
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Pan-European Stoxx 600 ends 0.1 per cent lower after declines of over 3 per cent in the previous week

European shares edged lower on Monday as rising government bond yields and concerns over the Israel-Hamas war kept investors on edge, while Italy’s FTSE MIB index was among top gainers across the regional markets.

Washington warned of a significant risk to U.S. interests in the Middle East as Israel bombarded Gaza with air strikes. Italy’s FTSE MIB index was among few gainers across the region, up 0.7 per cent, boosted by a 2.6 per cent rise inslipped 0.9 per cent, falling as much as 3.2 per cent to its lowest since April 2020 after the carmaker cut its profit margin outlook for the current year on Friday.jumped 5.2 per cent after the drugmaker said it will pay $385 million to settle a lawsuit related to its opioid addiction treatment.

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