Europe shares fall as growth fears hit energy, miners

miércoles 14 de enero de 2015 04:30 GYT

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By Francesco Canepa

LONDON, Jan 14 (Reuters) - European shares fell at the open on Wednesday, mirroring a slump in copper and oil prices after the World Bank cut its global growth forecast for this year.

The FTSEurofirst 300 index of pan-European shares was down 1.3 percent at 1,357.56 points at 0818 GMT, erasing most of its advance since the start of the week.

Oil major Total and commodity firms Glencore and Rio Tinto were the biggest drags on the index as they fell between 3 percent and 8.8 percent.

The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices.

"These growth fears are keeping markets busy and it is linked with the deflation question," said Christian Gattiker, chief strategist and head of research at Bank Julius Baer.   Continuación...