While you were sleeping: Stocks slide on outlook

Tue, 03 May 2016

By Margreet Dietz May 4 (BusinessDesk) - Stocks on both sides of the Atlantic dropped amid concern about global economic growth and disappointing corporate earnings. A report about China’s manufacturing sector underpinned concern the country’s economy is failing to respond to government efforts to boost the pace of growth. Europe’s Stoxx 600 Index ended the session with a 1.7 percent drop from the previous close. Shares of UBS and Commerzbank sank on disappointing earnings. The UK’s FTSE 100 index slid 0.9 percent, France’s CAC 40...

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