European Shares Fall Again Amid Pressure on Technology Shares

European shares fell in early trading on Monday, with technology shares falling as fears of monetary tightening sparked a sell-off in global stocks over the past week.

The pan-European Stoxx 600 index was down 0.4 percent by 0814 GMT, with Asian markets also under pressure as investors awaited monetary policy tightening at the next meeting of the Federal Reserve this week.

Traders are also concerned about a possible Russian attack on Ukraine after the US State Department repatriated the families of its embassy staff in Kyiv.

Technology shares fell 1.2 percent to a 14-week low.

But French carmaker Renault shares rose 3.8 percent, Nissan and Mitsubishi planned to triple their investment to jointly develop electric vehicles.

The telecommunications sector received a boost, with Vodafone shares rising four percent after Reuters reported that Vodafone and Eliade were in talks to merge their businesses in Italy.