European stocks turned lower on global concerns

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Source: Forexpros
© Scanpix/AFP
On Monday, October 8, European stocks extended losses as investors are cautious about global growth and are waiting for the eurozone finance ministers meeting later this week. The Stoxx Europe 600 Index erased 0.98 per cent to 271.43. Germany's DAX Index inched lower 1.44 per cent to 7,291.21 and France's CAC 40 Index lost 1.46 per cent to 3,406.53.
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Mon, 08 Oct 2012 20:27:59 GMT

Wall Street turned red on Monday

Wall Street turned red on Monday as investors are worried about Europe's debt crisis amid a gathering of eurozone finance ministers. The Dow Jones Industrial Average fell 0.2%, to 13,578.02; the Standard & Poor 500 Index declined 0.4%, to stand at 1,454.55, while Nasdaq 100 futures lost 0.8%, to 3,111.61.

Mon, 08 Oct 2012 20:06:00 GMT

German industrial production fell in August

German industrial output fell as consumption and demand weakened, adding to concerns that the country was hit by the global economic slowdown. The Federal Statistical Office (Destatis) said on Monday that nation's industrial production contracted by 0.5% after jumping 1.2% in July. Analysts had predicted German industrial production to decline by -0.8% in August.

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