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World stocks slip on worries about global growth

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The Euro STOXX 600 is down 0.4%, the MSCI world equity index 0.3%, with emerging-market currencies feeling the pinch

London — World equity markets slipped on Thursday amid worries about global growth and as investors digested European earnings, while the Swedish krona slumped to its lowest in 17 years and the euro suffered after the release of German data.

Those worries on growth also played out closer to home for European investors, with fears lingering over the state of the German economy after a survey on Wednesday showed German business morale falling. There were signs of growing strength in the dollar, which analysts said was partly a symptom of the world’s largest economy maintaining relative strength and others, such as China, faring worse.

The krona sank 1.2% against the euro to 10.65 — on course for its biggest daily drop in more than six months.

 

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