European equities declined for a third day amid concerns about an escalation of Russia’s war in Ukraine. The Stoxx Europe 600 Index fell 1% by 9:32 a.m. in London, with banks and automotives leading losses. The gauge is on track for its lowest close in more than three months.

European stock markets slid Tuesday on fears of escalation in the Russia-Ukraine war after President Vladimir Putin broadened rules on his country's use of nuclear arms, analysts said.

European stocks slipped on Monday amid worries around Donald Trump’s policies and as traders trimmed the odds of European Central Bank’s rate cuts.