European shares extended their decline on Tuesday as the global equity selloff deepened, as investors grappled with the prospect of a drawn-out Middle East war, and a sharp jump in oil prices led to fears of a rise in the cost of living.
The pan-European STOXX 600 (.STOXX), opens new tab was down 1.3% at 615.72 points by 0804 GMT, after closing at the lowest level in more than two weeks on Monday.
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The utilities index (.SX6P), opens new tab and banks led sectors lower with 2.6% declines each, while energy (.SXEP), opens new tab climbed marginally, adding to the previous session's gains.
