Monday, March 5, 2012

Growth worries send world shares, euro lower

(Reuters) - World stocks fell and the euro traded near two-week lows on Monday after fresh economic data raised expectations of a recession in Europe, and China signaled it would accept a slower growth rate.

Nervousness over whether Greece will complete a bond exchange with private creditors by March 8, to secure a 130 billion euro ($172 billion) bailout deal and avoid a messy debt default, also undermined demand for riskier assets.

U.S. stock index futures pointed to a lower open on Wall Street with January factory orders data and a key index of non-manufacturing activity in February, due at 1500 GMT, likely to extend the focus on the outlook for the global economy. Read More