E.U shares continued to fall to close in red

European shares closed in red territories after posting weekly gains in the previous sessions, as sentiment was weighed down by crises in Ukraine and the Middle East. Investors also watched earnings season as it begins in Europe.

In fact he U.S. and Europe threatened tougher sanctions on Russia over its suspected role in the shooting down of flight MH17 in Ukrainian airspace.

No wonder that the majority of sectors and European shares trading in negative territory. Sentiment across the continent remained fairly negative weighed by developments over the downing of Malaysia Airlines Flight MH17 in eastern Ukraine.

Fears the West could announce further sanctions as compelling evidence builds that pro-Russian separatists and Russian military are responsible of the shot down of the plane.

Reports showed that flight MH17 was shot down by a missile, resulting in the kill of all 298 people on board. According to U.S. Secretary of State John Kerry, here are vast clues that Russia is behind the downing.

In Gaza, international ceasefire efforts are stalled, and international criticism is becoming more vocal as the death toll among Palestinian civilians rises.

On Sunday, battles between Israel and Hamas militants intensified with more than 100 Palestinians were reported killed by Israeli forces in Gaza, and 13 Israeli soldiers died. While Hamas announced they have captured an Israeli soldier during the same battle

Accordingly:

 - London`s  FTSE 100  shed by 0.31% to 6728.44

- Paris`s  CAC 40  fell by 0.71% to 4,304.74

- Frankfurt`s  DAX 30  declined by 1.11% to 9,612.05.