Reply #20: World shares dragged down by Wall Street fall

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http://hosted.ap.org/dynamic/stories/W/WORLD_MARKETS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-12-07-15-33

BANGKOK (AP) -- World share markets sank Thursday after a slide on Wall Street sparked by tumbling demand for oil and fears of slackening growth in the U.S.

Oil prices hovered near $98 a barrel, continuing two weeks of volatile sea-saw trading. The dollar was up against the yen and the euro.

European shares were lower in early trading. Britain's FTSE 100 fell 0.9 percent to 5,924.76, while Germany's DAX dropped 1.1 percent to 7,416.21. France's CAC-40 lost 1.1 percent to 4,013.45.

U.S. futures pointed to a lower opening on Wall Street, with Dow Jones industrial futures down 60 points to 12,533 and S&P 500 futures losing 7.7 points to 1,331.