European shares fell to near one-month low on Middle East tensions

Investing.com reports that European shares were near a one-month low on Tuesday as escalating tensions in the Middle East reduced investor interest in risk assets and raised fears of oil supply disruptions.

The pan-European Stoxx 600 fell 0.8% to 542.26 points. Additionally, at the close on Tuesday, the DAX slumped 0.88% to a one-month low despite an unexpected improvement of German investor sentiment in June. Pharmaceuticals and Healthcare, Construction, Telecoms sectors suffered major losses.

MTU Aero Engines was the best performer of the session, with its shares gaining 1.69%, or 5.90 points, to trade at 354.40 at the close. 

Fresenius Medical Care posted the worst result as its shares dropped 4.47% to 47.28. At the same time, Commerzbank fell 4.33% to 27.41, and Zalando was down 2.44% to trade at 28.02.

Falling stocks outnumbered advancing ones by 409 to 192 on the Frankfurt Stock Exchange, according to Investing.com.