World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S.
Germany’s DAX dropped 0.7% to 12,376.50 while the CAC 40 in Paris lost 0.5% to 5,662.00. Britain’s FTSE 100 gave up 0.3% to 7,323.15. Wall Street looked ready for a steady start, with the future contracts for both the Dow Jones Industrial average and the S&P 500 up 0.1%.
China’s Fosun Tourism Group, owner of Club Med and the biggest shareholder in Thomas Cook, fell 4.2% in Hong Kong after the 178-year-old British tour company filed for bankruptcy. Bookings for more than 600,000 global vacationers were canceled Monday as a result. Shanghai-based Fosun International dropped 1.5%.
