[BENGALURU] European stock markets deepened losses on Friday, closing near session lows, as fears of a slowdown in global growth after weak manufacturing data from across Europe were exacerbated by dismal data from the United States.
The London and Paris bourses sank more than 2 per cent, while Frankfurt and Madrid fared only slightly better with roughly 1.5 per cent declines.The euro zone-wide flash PMI also showed businesses performed much worse than expected this month, while French business activity slowed unexpectedly.
Nestle, the world biggest food group, was the biggest drag on the benchmark, down 1.7 per cent, followed by more than 2 per cent dips in HSBC Holdings and oil and gas majors Total BP PLC.
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