Europe shares fall further; German utilities fall

LONDON, June 8 (BestGrowthStock) – European shares extended losses
on Tuesday morning, with German utilities sliding as they face a
tax hike.

RWE (RWEG.DE: ) fell 2.9 percent and E.ON (EONGn.DE: ) was down
3.4 percent on the back of a government announcement to impose a
tax on nuclear fuel.

The heavyweight banking sector was also lower.

At 0852 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.8 percent at 982.34 points, and had
hit a new low of 980.82 for the day.

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(Reporting by Brian Gorman)

Europe shares fall further; German utilities fall