European stocks suffer biggest one-day slide since 2011

miércoles 15 de octubre de 2014 12:49 GYT
 

(Recasts with closing levels; adds details)

* FTSEurofirst 300 loses 3.2 pct, down 11 pct in a month

* $255 bln wiped off the market value of STOXX 600 stocks

* Greek shares, 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, with a key index suffering its biggest one-day slide in nearly three years as investors slashed exposure to risky assets on mounting worries about global growth.

The slump represented a wipe-off in market value of about $255 billion for European stocks listed on the broad STOXX Europe 600 index. That is more than Portugal's GDP and more than the entire market capitalisation of Europe's biggest oil company, Royal Dutch Shell.

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.   Continuación...