European stocks fell on global concerns

Source: Forexpros

On Tuesday, October 9, European stocks extended losses as the International Monetary Fund cut its global growth forecast, and investors are waiting for highly anticipated meeting of EU finance ministers on Thursday. The Stoxx Europe 600 Index erased 0.1% to 271.04. Germany's DAX Index gave up 0.4% to 7,259.27 and France's CAC 40 Index inched lower 0.1% to 3,402.73.

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Tue, 09 Oct 2012 17:06:08 GMT

U.S. stocks tumbled on growth fears

Wall Street turned red on Tuesday as the International Monetary Fund said the global economy is expected to grow only 3.3% in 2012, compared to the previous estimate of 3.5%. The Dow Jones Industrial Average fell 0.1%, to 13,575.97; the Standard & Poor 500 Index declined 0.15%, to stand at 1,453.69, while Nasdaq 100 futures lost 0.3%, to 3,102.40

Tue, 09 Oct 2012 14:40:02 GMT

German stocks tumble; utilities weight

German stocks tumbled on Tuesday on risk-off trade as the EU officials' met in Luxembourg while the IMF lowered its global growth forecast. An uncertainty over Greece and weakness of the US and Japanese shares also weighted down on German equities. The DAX Index declined by 0.40% and is currently trading at 7,262.36. All sectors included in the index plunged.

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