Shares have fallen across Euorpe after Moody’s issued a warning about the French credit rating and figures revealed a slowdown in China’s economic growth.
At 13.21, the FTSE 100 was down by 1.5 per cent to stand at 5355.60, while the French Cac 40 and the German Dax were down 2.1 and 0.8 per cent respectively.
Moody’s said it may change its “stable” outlook on France’s top AAA rating to “negative” in the coming months, while China’s economic growth slowed to 9.1 per cent in the three months to the end of September, down from 9.5 per cent in April to July. The figure was lower than many expected.
Japan’s main Nikkei 225 ended down 1.5 per cent following the news, while Hong Kong’s Hang Seng fell 4.3 per cent down.