LONDON, Oct 13 (Reuters) - European shares skidded lower on Monday, extending last week’s losing streak, as concerns about faltering global economic growth hit equity markets across the world.
The pan-European FTSEurofirst 300 index, which had already fallen for the last four sessions, was down by 0.6 percent at 1,285.31 points by 0705 GMT, with Germany’s DAX falling to a new one-year low.
European stock markets have been hit by a raft of weak economic data, and on Friday credit rating agency Standard & Poor’s lowered its outlook on France to “negative” from “stable”.
“We’re still looking quite poorly, on the markets. The nervousness is still there. I don’t think anyone will want to come running back into the market early doors,” said Terry Torrison, managing director at Monaco-based McLaren Securities. (Reporting by Sudip Kar-Gupta; Editing by Francesco Canepa)