Germany's DAX falls to one-year low as European shares slump

viernes 10 de octubre de 2014 06:52 GYT

* DAX falls to one-year low

* Some fund managers still expect ECB QE down the road

* DAX down 2.2 pct, FTSEurofirst 300 falls 1.7 pct

By Sudip Kar-Gupta

LONDON, Oct 10 (Reuters) - European shares slumped on Friday with Germany's stock market - one of the region's best performers after the 2008 financial crisis - falling to a one-year low as concerns mounted over the German and global economies.

The DAX, which had soared to a record high of 10,050.98 points in June, fell 2.2 percent to 8,805.84 points by the middle of the trading session, marking the German benchmark index's lowest level since October 2013.

The pan-European FTSEurofirst 300 index was down by 1.7 percent at 1,291.81 points, while the euro zone's blue-chip Euro STOXX 50 retreated 1.5 percent to 2,995.98.

The DAX has been hit hard this week by a raft of poor data from Germany, Europe's biggest economy, including statistics on Thursday which showed that German exports in August had fallen by their largest amount since January 2009.

Traders said the International Monetary Fund's decision this week to cut its global growth forecasts, and worries about the Ebola virus - which has hit travel stocks - were also weighing on equity markets.   Continuación...