European Shares Decline Ahead of Corporate Results

European shares fell on Tuesday, October 12 as investors feared higher commodity prices would hurt the recovery of corporate earnings, and the sentiment was also affected by fresh evidence of problems at Chinese real estate investment group Evergrande.

The European STOXX600 index fell 0.9% by 07:11 GMT after similar declines in Asian markets.

The index is now about 5% below its August peak.

Mining, banking, and chemical stocks fell more than 1%, leading to declines in the morning session even after oil and other commodity stocks lost momentum.