World shares and US futures decline, while oil prices press higher

World shares and U.S. futures skidded Tuesday as flaring conflict in the Middle East pushed oil prices higher. In early European trading, Germany's DAX declined 0.3% to 25,922.44 and the CAC 40 in Paris fell 0.2% to 8,291.43. Tokyo's Nikkei 225 gave up early gains, sinking 1.7% to 65,269.33 as major exporters were sold due to a surge in the value of the Japanese yen.