European shares slide as global economic outlook darkens

lunes 13 de octubre de 2014 04:00 GYT

* FTSEurofirst 300 down 0.6 pct, Euro STOXX 50 falls 0.5 pct

* Luxottica slumps 10 pct as CEO set to leave

* Global equities hit by economic growth concerns

By Sudip Kar-Gupta

LONDON, Oct 13 (Reuters) - European stock markets dropped on Monday, extending last week's losing streak, as concerns about faltering global economic growth hit equities 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.

Germany's DAX also fell to a new one-year low as it declined 0.6 percent, while the euro zone's blue-chip Euro STOXX 50 index retreated 0.5 percent to 2,977.65 points.

European stock markets have been impacted 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".

On Monday, data showed that German wholesale prices had dropped 0.9 percent year-on-year in September, further highlighting the disinflationary pressures besetting the euro zone's economic bloc.   Continuación...