European stock sell-off accelerates on global growth jitters

miércoles 15 de octubre de 2014 10:45 GYT
 

* FTSEurofirst 300 down 2.3 percent, down 11 pct in a month

* U.S. data adds to worries over pace of global growth

* Europe's fear gauge VSTOXX hits 2-year high

* Greek stocks, bonds most hammered in sell-off

* Correction is 'buying opportunity' -Amundi's Boscher

By Blaise Robinson

PARIS, Oct 15 (Reuters) - A sell-off in European stocks accelerated on Wednesday as investors slashed exposure to risky assets such as equities and oil on mounting worries about the pace of global growth.

Shares extended their slide in afternoon trading after data showed U.S. retail sales declined in September and prices paid by businesses fell, fuelling concern that consumer demand may be faltering while inflation is failing to gain traction.

Greek equities featured among the top losers, as Athens's benchmark ATG index succumbed to a second day of selling pressure and sank 6.3 percent. Traders cited political uncertainty and a spike in Greek 10-year bond yields, which rose above 7.6 percent. It was the index's steepest one-day percentage drop in nearly two years.   Continuación...