GLOBAL SHARES FALL FUTHER ON ECONOMY FEARS (STA BREAKING NEWS and ARCHIVES)

by STANews , Saturday, October 11, 2014, 12:21

European and US stock markets have seen sharp falls as fears have deepened over prospects for the global economy.

London's FTSE 100 share index fell 1.4% to 6,339.97, a 12-month low, as did Germany's Dax. France's Cac-40 fell to it lowest level in 2014.

In the US, the Dow Jones erased its gains for the year, with the tech-heavy Nasdaq tumbling more than 2%.

Poor economic data from Germany this week has stoked fears that the eurozone could be heading for another recession.

Oil prices also saw sharp falls, with the Brent crude price hitting its lowest level for nearly four years.

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http://www.bbc.com/news/business-29566009