AlHijjah 20, 1435, October 14, 2014, SPA -- Europe's benchmark share index slipped to an eight-month low on Tuesday on growing concerns about the pace of global growth, as a survey showed German investor morale has plunged to its lowest in almost two years, Reuters reported. Think tank ZEW's monthly survey of German economic sentiment tumbled for a 10th straight month to -3.6, the weakest reading since November 2012, suggesting Europe's largest economy was reeling from crises abroad and a weak euro zone. Germany's DAX index fell 0.9 percent in a broader market sell-off, taking its recent losses to about 12 percent in less than four weeks. France's CAC was down 1.1 percent while Italy's FTSE MIB index dropped 1.4 percent. At 1046 GMT, the FTSEurofirst 300 index of top European shares was down 1.1 percent at 1,279.36 points after falling as much as 1,274.87, the lowest since early February. The index has lost nearly 10 percent since mid-September, mirroring a sharp pull-back in equity markets worldwide on jitters about the outlook for global growth and uncertainty over the timing of an expected first U.S. interest rate hike.
