European shares slide to 1 1/2-mth low as macro outlook darkens

martes 7 de octubre de 2014 12:31 GYT
 

(Updates prices at settle)

* FTSEurofirst 300 falls 1.5 pct to lowest level since Aug

* Worries over economic outlook as IMF cuts forecast

* German data disappoints

* Rio jumps after rejects merger approach by Glencore

By Liisa Tuhkanen and Francesco Canepa

LONDON, Oct 7 (Reuters) - A key European equity index dropped to a 1 1/2-month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data disappointed.

Market bets on a European economic recovery faded as the IMF downgraded its forecasts for Germany, France and Italy. Meanwhile, Germany reported its biggest drop in industrial production since the financial crisis in early 2009.

The FTSEurofirst 300 index of top European shares ended 1.5 percent lower at 1,329.76 points, its lowest level since Aug. 18. All sectoral constituents of the STOXX Europe 600 index closed lower.   Continuación...