European stocks dropped as concerns over the escalation of tensions between Russia and Ukraine are increasing. U.S. Secretary of State John Kerry warned Moscow to to imposing more sanctions.

Neste Oil shares – the Finnish oil refiner – were down 6%. The company’s first quarter revenue missed forecast.

Electrolux - the world’s second-biggest maker of home appliances – jumped 9.5% caused by the better-than-expected first quarter earnings.

Alstom shares were suspended from trading in Paris. The French stock market authority AMF demanded an explanation from Alstom. Alstom share were up about 10% in yesterday’s trading because of the rumours that General Electric Co. wants to buy Alstom.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                              6,682.2                              -20.80                     -0.31% 

DAX                                      9,441.26                           -107.42                     -1.12%

CAC 40                                 4,462.92                             -16.62                     -0.37%