Europe shares sink on mounting worries over global growth
* FTSEurofirst 300 down 1.6 pct, mining sector down 5.2 pct
* Grim U.S. retail sales, World Bank outlook hit sentiment
* Trading volumes on FTSE 35 pct above recent average
By Blaise Robinson
PARIS, Jan 14 (Reuters) - European shares sank on Wednesday in big volumes, knocked down by worries over the pace of global growth that were fuelled by grim U.S. retail sales data and cuts to the World Bank's economic forecasts.
Shares in mining giants tumbled along with copper prices, down 6 percent as investors slashed their exposure to the industrial metal.
Glencore ended 9.3 percent down after hitting a record low and Anglo American fell 9 percent. Copper mining generated nearly two-fifths of Glencore's operating profit in the first half of 2014 and about a quarter of Anglo's.
Major oil producers also retreated on Wednesday, tracking a renewed drop in crude prices. Royal Dutch Shell shed 3.3 percent, BP fell 3.6 percent and Eni ended down 3 percent.
Although lower commodity prices should help support the economy in the long term and reduce input costs for companies in many sectors, investors fear the benefits of cheaper oil and metals will be offset by anaemic growth and potential deflation. Continuación...