French carmaker Renault dragged European shares lower on Friday, while the sharpest contraction in the Chinese economy in nearly three decades exacerbated worries about slowing global growth. Renault slumped 12.7% to lowest since 2013 after the company cut its full-year revenue and profit forecast amid a broad-based slump in auto sales. The fall put the wider auto and auto parts index on course for its biggest percentage drop in two-and-a-half weeks, and pulled the Paris index down 0.2%, lagging its European peers. …read more
Source:: Yahoo Finance
