European shares fall on gloomy global economic news

The pan-European FTSEurofirst 300 index of blue-chip shares was down 0.4 percent at 1,324.71 at 0811 GMT, touching its lowest levels since mid-August. Asian and U.S. shares fell overnight after the IMF cut global growth forecasts and German industrial production missed expectations. In the latest evidence of economic malaise, growth in China’s services sector weakened … Continue reading European shares fall on gloomy global economic news