European stock markets slump as oil price slides

miércoles 20 de enero de 2016 04:56 GYT

* FTSEurofirst at lowest level since Oct. 2014

* DAX down more than 20 pct from last year's record high

* Oil price loses more ground

By Sudip Kar-Gupta

LONDON, Jan 20 (Reuters) - European stocks dropped on Wednesday as a relentless slide in oil prices hit world markets, with a leading regional European equity index falling to a 15-month low.

Several traders and investors said it remained too risky to buy into the stock market at present, given concerns about the global economy and the weak oil price.

The pan-European FTSEurofirst 300 index fell 3.1 percent to its lowest level since October 2014, while the euro zone's blue-chip Euro STOXX 50 index also fell by a similar amount.

Germany's DAX slid 3.1 percent, leaving the DAX some 24 percent below a record high reached last April.

European equities have steadily lost ground since last April, as concerns about a slowdown in China - the world's second biggest economy and a leading consumer of metals and oil - have hit world markets.   Continuación...