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Global Markets: Shares drop on weak Europe data, dollar extends run

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Stocks around the world pulled back sharply on Thursday as fears of a global growth slowdown spread to Europe, while the U.S. dollar strengthened for a sixth session as central banks outside the country grow more cautious.MSCI's gauge of stocks across the globe shed 0.95 percent, receding from two-month highs reached earlier in the week, as the pan-European STOXX 600 index lost 1.11 percent.The European Commission sharply cut its forecasts for euro zone economic growth this year and next on expectations the bloc's largest countries will be held back by ...

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First Published: Thu, February 07 2019. 21:57 IST