Germany leads European shares to six-week lows on growth concerns

martes 5 de abril de 2016 06:56 GYT

* FTSEurofirst 300 touch lowest since Feb. 26

* Peugeot announces strategy, leads auto shares lower

* ThyssenKrupp falls after Vale deal confirmed (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development) Adds details, updates prices)

By Danilo Masoni and Alistair Smout

MILAN/LONDON, April 5 (Reuters) - European shares fell on Tuesday to touch their lowest level in almost six weeks, led lower by German stocks after industrial orders in Europe's biggest economy unexpectedly dropped.

German industrial orders fell in February due to weaker foreign demand, suggesting a slowdown in the global economy was leaving its mark.

Other surveys found that French business activity had stagnated, German private-sector growth hit an eight-month low, while Italian services grow at their slowest rate for over a year.

"Economies aren't in great shape," said Manulife Asset Management investment analyst Will Hamlyn.

"There's nervousness with the start of the quarter and there are a lot of concerns about growth."   Continuación...