European shares fall to six-week lows on growth concerns

martes 5 de abril de 2016 10:45 GYT
 

* FTSEurofirst 300 touches lowest since Feb. 26

* Peugeot announces strategy, leads auto shares lower

* ThyssenKrupp falls after Vale deal confirmed

* Italy lenders lead banking sector lower (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 after industrial orders in Germany unexpectedly dropped, with mining, autos and bank stocks leading the decline.

Industrial orders in Europe's biggest economy 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.   Continuación...