GLOBAL MARKETS-Oil, weak German data drag on stocks; Brazil sinks

lunes 27 de octubre de 2014 16:44 GYT

* Wall St closes flat as oil falls

* Brent crude trades near four-year lows

* Optimism around ECB stress tests is short-lived

* German Ifo index falls to lowest in almost two years (Adds U.S. market close, new quote; updates prices)

By Yasmeen Abutaleb

NEW YORK, Oct 27 (Reuters) - Global equity markets slipped on Monday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma Rousseff narrowly won a second term over an opponent seen as more pro-business.

Major indexes on Wall Street ended mixed. The benchmark S&P 500 closed slightly lower after last week's big gains, hurt by another drop in energy shares as oil neared a four-year low. Disappointing data showing the pace of growth in the U.S. services sector slowed in October to a six-month low also sapped buying sentiment.

Government bond yields were lower after the business climate index in Germany, the Euro zone's largest economy, fell to its lowest level in almost two years.

"The global markets are pretty much reflecting what's going on in the overall economy," said Bernard Baumohl, managing director and chief global economist at the Economic Outlook Group in Princeton, New Jersey. "Europe is the epicenter of global weakness and Germany happens to be ground zero."   Continuación...