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