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April 16 (Reuters) - European shares dropped to a near
six-week low on Tuesday, as investor stayed clear of risky
assets given geopolitical tensions in the Middle East, while
Ericsson topped the main index following upbeat earnings.
The pan-European STOXX 600 was down 1.3% as of 0718
GMT, with the basic resources sector dropping 2%
tracking weak base metal prices.
Equity indexes of major economies in the region such as
Germany, France, Italy and Spain
shed between 1.0% and 1.4%.
Traders were on edge as the world awaited Israel's response
to Iran's first-ever direct attack against the country as
international pressure for restraint grew on fears of a widening
conflict in the Middle East.
In bright spots, Ericsson shares jumped 5.6%
after the telecom equipment maker's first-quarter adjusted
profit came ahead of market expectations.
Naturgy rose 2.8% after a report said Abu Dhabi's
TAQA was in talks with the Spanish holding vehicle Criteria on a
potential takeover of the Spanish energy company.