European shares dropped on Monday, hit by concern over the pace of global growth after new of Japan’s recession. |||
Edinburgh – European shares dropped on Monday, hit by concern over the pace of global growth after data showed Japan, the world’s third-largest economy, unexpectedly slipped into recession. The FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,341.10 points. Japan’s economy shrank an annualised 1.6 percent in July-September, following a 7.3 percent drop in the second quarter that was hurt by a sales tax hike hitting consumer spending. Analysts polled by Reuters …read more
Source: Independent Online
