European Shares Extend Heavy Losses
British capital — European shares cut down heavily once again on Tuesday, as investors took on board more losings in Asia, with tenseness likely to turn before Wall Street returns from a long holiday weekend. On Monday, various major European indexes, letting in London’s FTSE 100, recorded their large one-day deprivation since the terrorist attacks in New York in 2001, amid turning fears of a U.S. corner. As on Monday, notable decliners included banks such as Deutsche Bank , down 6.5%, and insurance policy firms such as AXA , down 5.5%. The U.K. FTSE 100 index sank 3.4% to 5,389.30, the German DAX 30 index slouched 3.9% to 6,527.83 and the French CAC-40 index cut down 2.8% to 4,613.79.