European Shares Close Lower, Pressured by Financials and N. Korea Tensions European shares edged lower on Tuesday, pulled down by declines in the heavyweight financial sector as jitters on North Korea remained and caution increased ahead of the European Central Bank policy meeting later this week. The pan-European STOXX 600 slipped 0.1 percent while euro zone blue chips fell 0.3 percent. In major bourses, Germany's DAX rose 0.18 percent, the U.K.'s FTSE 100 dropped 0.52 percent while France's CAC fell 0.34 percent. Banks reported the largest sector loss, with several Spanish and Italian lenders near the bottom of the sector's benchmark. Euro zone banks were an outstanding decliner, falling 1.6 percent to their lowest level in nearly 10 weeks, with the sector back in focus ahead of the ECB meeting. Shares in Banco Santander, BNP Paribas, UniCredit and Deutsche Bank all down between 1.7 and 1.9 percent. This comes despite an upgrade from UBS strategists of European lenders to overweight from neutral. They claim that the recent firming in the euro have made them more cautious on U.S.-exposed stocks but more upbeat on domestically exposed firms. Energy stocks were among the top-gaining sectors, higher by 0.56 percent with oil prices rebounding. Health stocks also gained, led by Germany's Merck KGAA, climbing 2.4 percent, which announced it was weighing on selling its consumer health business. French telecom company Orange and U.K. consumer goods firm Reckitt Benckiser finished near the bottom of the STOXX 600, lower by two percent and 2.7 percent respectively. News are provided byInstaForex.